Blockchain Equities Valuation

CoinShares Research


Global equities have been suffering with dwindling growth prospects, increasing inflation, rising discount rates and military conflicts. The MSCI World and S&P 500 indices are down around 20% year-to-date and, as one would expect, tech and blockchain stocks have fallen even further. In line with other crypto-related assets, the CoinShares Blockchain Global Equity Index is also down 43% year-to-date, against Bitcoin and Ethereum being down 55% and 67% respectively.

Valuations at the CoinShares Blockchain Global Equity Index (BLOCK Index) suffered a more modest decline, from 14x earnings at the beginning of the year to 11x now.

For the purpose of this analysis, we have looked into the six segments that constitute the CoinShares Blockchain Global Equity Index:

• Blockchain Financial Services

• Blockchain Technology Solutions

• Energy

• Cryptocurrency Miners

• Mining Hardware

• Token Investments

For the full report and analysis, click the button "Download PDF" below.

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