Crypto currencies have surged exponentially over the last few months to collectively reach close to US$150 billion in market capitalization. As the "Big Daddy" and largest crypto currency by market cap, Bitcoin represents around 45% of the entire crypto currency universe. And, a third category in the shape of hedge funds, which have specialized in crypto currency trading. Given the exponential run of the crypto currencies over 2017, these tokens have also performed badly on a relative basis. Traditional Asset Management IndustryNapoleonX’s whitepaper makes reference to the asset management industry having been dominated in an “oligopolistic manner” by large banks or financial institutions for ages and that they want to “bypass” the traditional asset management system.

Source: Forbes October 04, 2017 14:15 UTC