“What we're trying to do is establish a benchmark that is not specific to any asset, that's trying to give what is the broad basket of crypto assets doing, the same way that you gauge the performance of the equity markets through the S&P 500,” Tusar said.
“Investment is not the main goal of the product. Instead, he envisions it as a reference to help people identify market trends and aid in price discovery, rather than depending solely on Bitcoin, which often doesn't show the whole picture.”
“I think Bitcoin is used as that benchmark, simply because there isn't anything else to put in its place,” Tusar said. The Coin50 provides a more comprehensive view of the market by including Bitcoin and the other top 49 cryptocurrencies weighted by market cap.
“I think as the crypto economy grows, as crypto fulfills its mission, that will naturally broaden out the number of assets available and the opportunities for investors,” Tusar explained.
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