Credit Suisse – ICOs Sorta Like VC

Paul Condra and Ria Bhutoria, research analysts at Credit Suisse, might be looking at Initial Coin Offerings (ICO) from an institutional standpoint and scratching their head. In a December 8 report they point to the top ten tokens issued being up a stunning 50,000% since inception. That is not a typo. While such oversized gains are typically dismissed out of hand, with cryptocurrencies gaining institutional traction of late, the researchers decided to dig in deep and offer their clients an ICO Primer that explains key points behind how the hot topic de jour works. [dalio] Initial Coin Offerings: Top coin…