Crypto Trends 2021 Benchmark Survey

This is the annual survey for the crypto industry, published by ‘Bitwise’ and ‘ETF trends’ and released each January.

The Bitwise/ETF Trends 2021 Benchmark Survey

Overall, the 2021 survey’s findings show a significant rise in interest and allocations to crypto among financial advisors. Many advisors are still in the learning phase and are waiting for key regulatory developments (such as the launch of an ETF) before investing on behalf of their clients. Note, that in 2020, legendary hedge fund managers like Stanley Druckenmiller and Paul Tudor Jones announced allocations to the crypto industry.

Estimating the Fair Market Value of Bitcoin

Attempting to estimate the Bitcoin's Fair Market Value is tricky, as there are no hard fundamentals or hard assets backing BTC. Nevertheless, based on network activity and price, there are a few metrics that can help investors understand the price cycles of Bitcoin. This analysis covers the folloiwng metrics:

  1. Hashrate
  2. Bitcoin Net Unrealized Profit/Loss
  3. MVRV & MVRV-Z Score
  4. BTC Addresses with Balance ≥ $1M USD
  5. Bitcoin Miner's Rolling Inventory (MRI)
  6. Mayer Multiple
  7. Stock to Flow (S2F) Model
  8. A Strategic Approach to Bitcoin's Valuation



The more hashing power in the BTC network, the better its security and resistance to a potential attack. The BTC network hashrate is measured in hashes per second (H/s). The calculation involves mining difficulty and the average Bitcoin block time. These are some basic conclusions regarding the impact of hashrate:

  • The more BTC mining the higher the hashrate
  • If the difficulty of the Bitcoin network increases, the hashrate also increases
  • The higher the hashrate, the more secure the Bitcoin network
  • The higher the hashrate, the higher the 'fair' value of BTC


The Full Guide to Decentralized Finance (DeFi)

Decentralized Finance (DeFi) Guide

This guide covers the most important categories of the DeFi sphere that promises to change the financial world as we know it.


  1. Introduction to DeFi
  2. Stablecoins
  3. Payment Services
  4. Decentralized Borrowing and Lending
  5. Staking
  6. Decentralized Insurance
  7. Decentralized Exchanges (DEXes)
  8. Decentralized Identity
  9. Top DeFi Blockchain platforms


What is Decentralized Finance (DeFi)?

DeFi stands for Decentralized Finance and refers to a financial ecosystem that is built on top of blockchain technology. Most DeFi applications are built on top of Ethereum, but other protocols are used as well.

"Trading the Decentralization of the Financial System"  

Author: George M. Protonotarios


"A decade ago, the issue, exchange, and use of digital money without the intervention of a centralized bank was a dream for the financial industry. That dream came true faster than anyone could have predicted. The global penetration of the Internet works as an accelerator to the acceptance of every new technology that aims to serve the emerging needs of people. This is the ultimate goal of every technology, to better meet the needs of people, and nothing else matters."

Crypto Trading Tutorial