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Duke University and NBER

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Presentation on theme: "Duke University and NBER"— Presentation transcript:

1 Duke University and NBER
FUQINTRD 697: Innovation and Cryptoventures Why Me? Campbell R. Harvey Duke University and NBER January 2, 2019

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3 Why me? Cryptofinance Campbell R. Harvey, (2014)
Campbell R. Harvey 2019

4 Campbell R. Harvey 2019

5 Financial Times February 16, 2015 Campbell R. Harvey 2019

6 The follower Campbell R. Harvey 2019

7 Campbell R. Harvey 2019

8 Campbell R. Harvey 2019

9 Maximum enrolled for one section Campbell R. Harvey 2019

10 Maximum enrolled for one section Campbell R. Harvey 2019

11 Restricted to second year MBAs Second, then third section added
Maximum enrolled for one section Campbell R. Harvey 2019

12 Restricted to second year MBAs Second, then third section added
Maximum enrolled for one section Campbell R. Harvey 2019

13 Bitcoin price at enrollment Campbell R. Harvey 2019

14 Main Deliverable (group project: 50%)
Majority of the grade is determined by the quality of a maximum 15 slide pitch for a new business that has a link to blockchain technology. Student presentations on last day of the course. Urgent to start work immediately You must schedule a meeting with me to discuss possible ideas. See my Google calendar sheet. Maximum group size is 4 (a few exceptions for law students whom I will place in groups). Campbell R. Harvey 2019

15 Other Deliverables Preassignment (complete/incomplete individual)
Python cipher program (individual 5%) Python hashing program (individual: 5%) Critique of blockchain training video (individual: 10%) Smart contract on Ethereum blockchain (individual:* 10%) Group presentation/critique (group: 10%) Participation (individual: 10%) Campbell R. Harvey 2019 *Technical part can be completed in group setting. The written part is individual.

16 A lot of hype Campbell R. Harvey 2019

17 A lot of hype Wild west of ICOs – some pure scams
Investors making mistakes On-line Plc => On-line Blockchain Plc Campbell R. Harvey 2019

18 A lot of hype Wild west of ICOs – some pure scams
Investors making mistakes On-line Plc => On-line Blockchain Plc SkyPeople Fruit Juice => Future FinTech Campbell R. Harvey 2019

19 A lot of hype Wild west of ICOs – some pure scams
Investors making mistakes On-line Plc => On-line Blockchain Plc SkyPeople Fruit Juice => Future FinTech Long Island Ice Tea Corp => Long Blockchain Corp Campbell R. Harvey 2019

20 A lot of hype Wild west of ICOs – some pure scams
Investors making mistakes On-line Plc => On-line Blockchain Plc SkyPeople Fruit Juice => Future FinTech Long Island Ice Tea Corp => Long Blockchain Corp Bioptix => Riot Blockchain Campbell R. Harvey 2019

21 A lot of hype Campbell R. Harvey 2019

22 Campbell R. Harvey 2019

23 Original Op-Ed rejected It included:
December 11, 2017 Original Op-Ed rejected It included: …So the type of people investing in bitcoin has starkly changed. Many see their friends or neighbors getting rich. They fear being left behind. They jump on the bandwagon. Bandwagon investors buy when prices are high and sell when prices are low. This is the opposite of what a prudent investor should do. As Warren Buffett says, “as bandwagon investors join any party, they create their own truth – for a while.” Campbell R. Harvey 2019

24 December 11, 2017 Original Op-Ed rejected It included: …When the bitcoin bubble does burst, there will be a number of people that understand the value of the technology that will be first in line to buy low. The bandwagon investors will abandon bitcoin and look for a new wagon to jump on. Washington Post: “First of all, we generally try to avoid publishing investment advice pieces. And while you make the case that Bitcoin is experiencing a bubble, I think it's missing the "so what" factor.” Campbell R. Harvey 2019

25 December 18, 2017 Campbell R. Harvey 2019


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