Tiêu đề Alternative Investment - Solution.pdf ✅

CFA Program Level I for February 2024 3 correlation of bitcoin and other cryptocurrencies has reached a high level yet, nor would a high level necessarily be a desirable feature. Alternative Investments: analyze sources of risk, return, and diversification among digital asset investments 5. A. Incorrect because cryptocurrencies are not only issued by individuals but also by corporations and organizations. While there were around 70 cryptocurrencies recorded in 2013, by early 2022, there were close to 10,000 different cryptocurrencies issued by corporations, organizations, and in many cases, individuals. B. Incorrect because cryptocurrencies are not only issued by corporations and organizations but also by individuals. While there were around 70 cryptocurencies recorded in 2013, by early 2022, there were close to 10,000 different cryptocurrencies issued by corporations, organizations, and in many cases, individuals. C. Correct because while there were around 70 cryptocurrencies recorded in 2013, by early 2022, there were close to 10,000 different cryptocurrencies issued by corporations, organizations, and in many cases, individuals. Alternative Investments: explain investment features of digital assets and contrast them with other asset classes 6. A. Incorrect because the main similarity [not difference] between these asset types is the emergence of indirect investment vehicles such as exchange-traded funds [ETFS] and hedge funds that invest both in traditional financial assets and in digital assets. B. Incorrect because one key dífference between digital assets and traditional financial instruments is that traditional [not digital] assets are generally recorded in private ledgers maintained by central intermediaries. C. Correct because, unlike financial assets, most digital assets do not have an inherent value based on underlying assets or on the potential cash flow. Alternative Investments: explain investment features of digital assets and contrast them with other asset classes