Tag Archives: Cryptocurrency


Cumberland Advisors Market Commentary – One Less Worry?

Author: Robert Eisenbeis, Ph.D., Post Date: March 31, 2020
Cumberland Advisors Market Commentary - One Less Worry (Eisenbeis)

It is tempting to focus on the here and now, especially when we are worrying about the economic fallout from the coronavirus pandemic and its impact on the nation. We are withdrawing from social contact and are concerned about all sources of risks. We have seen reports of people sanitizing cash as one way of […]

Cumberland Advisors Market Commentary – The Payments Modernization Act

Author: Robert Eisenbeis, Ph.D., Post Date: August 22, 2019
Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D.

Legislation has recently been introduced to require the Federal Reserve to develop a real-time payments system to compete with existing systems. Interestingly, a short time after the introduction of the legislation, the Federal Reserve announced its intention to proceed with plans to develop just such a system. In describing the intent behind the legislation, co-sponsor […]

Cumberland Advisors Market Commentary – Libra and Other Cryptocurrencies

Author: Robert Eisenbeis, Ph.D., Post Date: July 25, 2019
Cumberland Advisors Market Commentary - Libra & Other Cryptocurrencies

Congressional hearings this past week were the first of what are likely to be a number of investigations into Facebook’s proposed Libra cryptocurrency and associated Calibra wallet. The initial reactions of legislators at the hearings ranged from a desire to support and encourage financial innovation to downright skepticism and hostility. Some of the questioners asked […]

Cumberland Advisors Market Commentary – Clams Or Gold Responses

Author: Robert Eisenbeis, Ph.D., Post Date: July 23, 2019
Cumberland Advisors Market Commentary - Clams or Gold

We received several comments from readers concerning some of the key points in our recent commentary “Clams or Gold.”[1] Below is an abbreviated version of the questions, to which responses are then supplied. Comment: You may have seriously misled readers because both the purity of the official gold bullion and measurement of ounces have remained […]

Cumberland Advisors Market Commentary – Clams or Gold

Author: Robert Eisenbeis, Ph.D., Post Date: July 12, 2019
Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D.

Johnny Hart, the creator of the comic strip BC, created an economy in which clams served as currency. Clams were plentiful, so no one ran out of currency, except that an occasional clam had cartoon legs and opted for a different career. A currency in the form of a good is of course nothing new […]

Venezuela Implodes, Neighbors Suffer

Author: Bill Witherell, Ph.D., Post Date: August 28, 2018
Cumberland Advisors Market Commentary - Bill Witherell, Ph.D.

Last week Venezuela devalued its currency, the bolivar, by 95%, cutting five zeros off the exchange rate. This measure was a desperate response to hyperinflation that reached an astonishing rate of 83,000% YoY in July, with prices doubling every 26 days. The IMF has projected the rate could reach one million percent this year. Cash transactions […]

Bursting Bitcoin Bubble?

Author: David R. Kotok, Post Date: July 6, 2018
Cumberland Advisors Market Commentary by David Kotok

Fundstrat Daily reports that “YTD, the crypto market is down -60.7%” as of July 2. We have been asked again about Bitcoin and “bubbles” following the recent gyrations and the plunge. “Should I buy it?” asked a reader. First, we offer the required disclosure: We don’t own any cryptocurrency in any Cumberland managed account. And […]

Cryptocurrency Investors Worry, Wait After Bitcoin Price Drop

Author: , Post Date: January 19, 2018
Bitcoin - Crytocurrency

Excerpt below: In the wake of this week’s crash, the top post in the Reddit forum /r/CryptoCurrency was about how to contact a suicide hotline, apparently a response to distress on the part of recent investors. Some economists say this is a familiar pattern. “Twenty years ago, the technology stocks and new Internet stocks achieved an excess […]

Longboat Kiwanis Club hosts financial expert to discuss Bitcoin

Author: , Post Date: January 9, 2018
Bitcoin - Crytocurrency

An expert on one of the world’s suddenly hot, but still mystifying, investments is the scheduled luncheon speaker at the Kiwanis Club of Longboat Key’s Jan. 18 meeting at Portofino Restaurant at the Longboat Key Club. David Kotok, chairman and chief investment officer of Sarasota based Cumberland Advisors, will discuss Bitcoin, Blockchain and other financial […]

Wealth Managers Are Being Inundated With Calls About Bitcoin

Author: , Post Date: November 21, 2017
Virtual Currency, Bitcoin, Cryptocurrency, Blockchain

At 74, Cumberland Advisors’ David Kotok has guided wealthy clients through a long career’s worth of bubbles and crashes. Now he’s being inundated with questions about the latest soaring asset to confound investors — bitcoin. “Clients bring up bitcoin all the time,” said Kotok. “They think it’s cool. It has the newness, which is attractive […]