Felix Wigley's Commodity Trading Blog

  The Man in the Cheap Suit at Bloomberg’s London Headquarters The reasoning and process:   In a quest to hear from people directly in the industry, and ask a few of my own questions, I decided to get myself into Bloomberg’s commodity investor forum. Funnily enough, the submission page to get a ticket did ask who I worked for. Looking at the screen, I had to chuckle knowing this could be a pitfall to my entry. Using the overpriced credentials of an undergraduate degree as well as the very blog I am writing on now, I added “Workplace: University of Bath,” and “Role: Commodity/Market blogger”. Within a few days I landed a ticket in my inbox – total result out of a cornered position. After having been to a previous networking event of sorts - commodities run club – I was very excited to get out there again and have a chance to be more curious. Just as a side note, the commodities run club hosted by two guys called Jakob and Fabrice was an awesome experience and great fun talking ...

  1. Bitcoin and its Value Is its Value Flawed? Bitcoin was made to be a future currency, but for the most part it currently exists as an asset of pure speculation. Reasons for its speculation or value proposition is discussed below. Secure Exchange + Blockchain : Bitcoin offers additional utility over cash because of the nature of the blockchain. The blockchain creates a decentralised store of value - which is useful for storing wealth outside of traditional financial systems. Use cases: hyper inflationary countries, authoritarian regimes. The blockchain allows for borderless transactions. Whilst anonymised, the blockchain is transparent and provides full visibility of its money supply and transactions. Current Utility Deficiencies : Volatility - it is a speculative asset. Regulatory uncertainty: Classification of Bitcoin as a commodity/property rather than currency (exposing it to tax for transactions in the US, holding bitcoin in Europe can come under capital gains tax). Ban ris...