It was high time that CFA Institute addressed cryptos in some way. Reading this blog was reassuring. I am Level 3 candidate from India, and have been involved with blockchain technology for some time now.
Few of many facinating facets of this tech that excited me-
-- ICOs have paved way to raise capital from global audience removing many barriers.
-- Ease of transaction has attracted thousands of millennials. That can be a glance into future vis-a-vis blockchain becoming mainstream.
-- Like any other new asset class, cryptos have garnered significant curiousity.
-- Blockchain is witnessing participation of people from varied backgrounds.
-- And, every other project is working to be the next generation of ' Good Old Bitcoin'.
-- Just like primitive internet, blockchains will lead to many expected and unexpected use cases.

Calling cryptos 'bubble' may be justified in that the numbers of projects mushrooming across the globe. However, there will be survivors with best use cases. And those survivors may well alter the financial and other sectors fundamentally.