{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/digital-currencies",
 "identifier": "kaal:entity:digital-currencies",
 "name": "Digital currencies",
 "termCode": "digital-currencies",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
 "canonicalForm": "https://wulfkaal.github.io/entities/digital-currencies.md",
 "sha256": "102d19a5bf5d69e472a8d05a594b5f3bbfdce16cbda97efa1f12969462ed423c",
 "additionalProperty": [
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   "name": "status",
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   "name": "claim_count",
   "value": 2
  },
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   "@type": "PropertyValue",
   "name": "year_span",
   "value": [
    "2017",
    "2019"
   ]
  },
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  }
 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2998033-024",
   "identifier": "kaal:claim:2998033-024",
   "text": "Even though crypto investments can be as volatile as or more volatile than traditional investments, digital currencies may still serve as a hedge against traditional investments because they are not tied to equity market movements.",
   "abstract": "Although crypto investments can to be just as and more volatile than traditional investments, digital currencies might be used to hedge against traditional investments.",
   "citation": "Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2998033",
   "datePublished": "2017",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "holds to the extent crypto returns are uncorrelated with traditional stock and equity markets"
   ],
   "source_pdf_sha256": "aafb1be3c25cd33da477d759df9ca2f856f0a8fe133d6396da2e75d0af573dbd",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3409548-029",
   "identifier": "kaal:claim:3409548-029",
   "text": "Digital currencies can serve as a hedge against traditional investments even though crypto investments can be as volatile as or more volatile than traditional ones, because they are not tied to the vicissitudes of the equity markets.",
   "abstract": "Although crypto investments can be just as and more volatile than traditional investments, digital currencies might be used to hedge against traditional investments.",
   "citation": "Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548",
   "datePublished": "2019",
   "claim_type": "condition",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "portfolios seeking diversification away from traditional equity markets"
   ],
   "source_pdf_sha256": "74227ab2656b06bfe4a29c942fc2ba26df9f476917e0a9f85ec038b8c3402c40",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'digital-currencies'. Derived node: a roster, not an adjudicated definition."
}