What is Cryptocurrency and how is it an innovative and effective method of currency? This course was designed for individuals and organizations who want to learn how to navigate investment in cryptocurrencies. Professors Jessica Wachter and Sarah Hammer will guide you through developing a framework for understanding both Cryptocurrency and Blockchain. You’ll learn how to define a currency, analyze the foundations of digital signatures and blockchain technology in cryptocurrency, and accurately assess the risks of cryptocurrency in a modern investment portfolio. By the end of this course, you’ll have a deep understanding of the realities of Cryptocurrency, the intricacies of Blockchain technology, and an effective strategy for incorporating Cryptocurrency into your investment plans. No prerequisites are required, although "Fintech: Foundations, Payments, and Regulations" from Wharton's Fintech Specialization is recommended.
Review of Portfolio Theory
Reviews
4.6 (1,059 ratings)
Jul 4, 2019
Technology today enables you to monetize almost anything. Blockchain is the most important revolution since the internet and smart contracts enable you to transform any asset into a financial asset.
Aug 4, 2021
Good class to get a general, high-level overview of Cryptocurrency and Blockchain. Lectures are easy to follow and the notes/slides are helpful. The guest speakers in Week4 are interesting.
From the lesson
Module 3: Cryptocurrency as an Asset Class
In this module, you’ll examine Cryptocurrency as an asset class, and delve deeper into whether Cryptocurrency has a place in individual investment portfolios. Through examining the theory and data perspective of traditional finance, you’ll understand the risks and returns on Bitcoin and its place in a more stable and predictable portfolio. You’ll also learn about the Capital Asset Pricing Model, and key concepts of Modern Portfolio Theory such as Tangency Portfolio and the Sharpe Ratio. Through calculating and specifying both Beta and Alpha of Bitcoins, you’ll be able to accurately measure the systematic risk the investor takes in creating a portfolio with Bitcoin. By the end of this module, you’ll be able to estimate and analyze the values of Beta and Alpha in Cryptocurrency, and effectively optimize utility in incorporating Cryptocurrency as an asset for your portfolio.
Taught By
Jessica Wachter
Dr. Bruce I. Jacobs Professor in Quantitative Finance
Sarah Hammer
Senior Director of the Alternative Investments Initiative, Adjunct Professor of Law
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