Brazilian University Launches World’s First Master’s Degree In Cryptofinance

  • A Brazilian University has launched the world's first Master's Degree in cryptofinance. 
  • The course's students are set to analyze cryptocurrency markets from an objective, academic perspective, as opposed to a speculative one.

Yesterday, various news outlets reported that it is now possible to get a master's degree in cryptofinance. The gist of these reports was that Brazilian University Fundacao Getulio Vargas (FGV), also known as the Sao Paulo School of Economics, claimed that it is offering the world's first master's degree in cryptofinance.

Although universities have been offering courses in blockchain and cryptocurrencies as early as 2014 -- when NYU Stern School of Business became the first major university to launch such a course -- a master's degree solely focused on cryptofinance is unique.

A look at the relevant section of the university's website, shows that FGV has a Master's Program in Economics (MPE) that offers specializations in one of four subjects: Portfolio Management, Risk Management, Data Science, and Cryptofinance. In the second semester of this four-semester program, those specializing in Cryptofinance must take the following courses: "Cryptofinance"; "Cryptoeconomics"; and "Laboratory of Cryptofinance and Economics".

Ricardo Rochman, the program’s coordinator, claimed it was born out of a need for specialized education in the cryptocurrency industry. Per his words, it is a “market with a profound lack of people with expertise.” Students are set to study the markets from a more objective, academic perspective, as opposed to a speculative one.

Michele Araujo, a 26-year-old economics student at FGV noted that learning about cryptocurrencies can be beneficial:

"There is a conceptual gain of knowing both the practical applications of the technology and cryptocurrency as an alternative investment.”

Michele Araujo

Universities in Brazil, the country with the largest crypto market in South America, are seemingly responding to the huge amount of interest in cryptofinance, while refusing to be discouraged by what Ilan Goldfajn, the governor of Brazil's central bank, said about Bitcoin last October:

“The bitcoin is a financial asset with no ballast that people buy because they believe it will appreciate. That is a typical bubble or pyramid [scheme]…The central bank is not interested in bubbles or illicit payments.”

Ilan Goldfajn, governor of Brazil's central bank


Bitcoin Will Hit $87,000 by November 2020, Predicts Anonymous User Who Called This Year's Rally

Francisco Memoria

An anonymous 4chan user who was spot on in his bitcoin price predictions so far this year, accurately hitting price targets, has predicted BTC will hit $87,000 in November of 2020.

As first reported by TrustNodes, the anonymous 4chan user accurately called that bitcoin bottomed out in December 2018 at $3,200, and also got right BTC would be trading at $5,300 in April.

He accurate predictions didn’t end there. The anonymous analyst predicted bitcoin would trade at $9,200 in July and came extremely close, as in the beginning of the month BTC dipped to about $9,500 before recovering.

4chan user's bitcoin price prediction

In the future, the 4chan user sees bitcoin hit $16,000 in October, and keep on rising to get to $29,000 in February of 2020. By November of that year, it’ll be at $87,000. He adds that then its market cap will be of $1.5 trillion, and its dominance will be between 40% and 46%, meaning the cryptocurrency space would have a market cap of well over $3 trillion.

At press time, bitcoin is trading at about $11,380, after rising from the dip earlier this month. The cryptocurrency’s recovery so far this year was notable, even though it’s still around 40% below its all-time high. In the chart, we can see the analyst got his predictions right so far.

Bitcoin's price over the last 6 months

Per the anonymous analyst “the charts never lie.” The model used seems to revolve around bitcoin’s price doubling every time it starts to rise. This pattern has, according to TrustNodes, been occurring since at least 2013.

His predictions would nevertheless line up with those of other prominent cryptocurrency analysts. Willy Woo, for example, has predicted bitcoin’s market cap will hit $1 trillion by 2025, while top technical analyst Carter Worth, who called bitcoin’s price would be at $10,000 in June, told CNBC viewers to enjoy bitcoin’s roller coaster ride to another breakout.