# kaal:claim:3409548-034

**Claim.** Cryptocurrencies created by blockchain start-ups generate investment returns that legacy investments cannot match.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- 2017 to 2018 cryptocurrency price appreciation

**Source quote.**

> Cryptocurrencies created by blockchain start-ups generate investment returns that cannot be matched by legacy investments.

**From.** Kaal, *Financial Technology and Hedge Funds* (2019), III.4 Capitalizing on Disruption, page 30

**Cite as.** Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548

**Verify.** sha256 of source PDF `74227ab2656b06bfe4a29c942fc2ba26df9f476917e0a9f85ec038b8c3402c40` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Financial%20Technology%20and%20Hedge%20Funds.pdf

**Topics.** innovation

**Keywords.** cryptocurrency, returns, legacy-investments, disruption

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.