My Optimism In Security Tokens Wears Heavy Boots And Is Loud
20 May 2020 — Borrowing the quote from Henry Rollins, my optimism in Security Tokens wears heavy boots and is loud. This is especially so after chancing upon Jonah Schulman’s article in Security Token Group’s platform.
From his preliminary research, he may have discovered the holy grail of investors – uncorrelated assets. He cautioned that it needs years of evidence to make a definitive claim, but it’s intriguing how security tokens have performed thus far.
The aggregate return for the security token fund is a positive 2.35% while it performed almost 12% better than the average of the three major US indices (-9.5%)! In addition, aggregate view of all security tokens compared to US markets, R (correlation coefficient)= 0.19, revealed a weak positive correlation.
We can’t be 100% sure that security tokens are recession-proof but data indicates early signs that they may potentially bring positive returns even amidst crisis.
To Victor Zhang, Jeff Dorman, Kyle R. Chapman, Nick Cowan, Erick Pinos, Nicholas Pelecanos, Mike Novogratz, Ilia Obraztcov, Dave Hendricks, Herwig Gaston Konings, Kyle Sonlin, thank you for having a positive outlook in blockchain’s finance apps amidst current pandemic!