The coins may also represent an investment, or speculative, opportunity for the offeree, in the event that the project is successful and a secondary market is available, or if the coins otherwise participate in a virtual currency exchange.
"It has been used as a means to transfer funds outside of traditional and regulated channels and, presumably, as a speculative investment opportunity". For those who have pondered what bitcoin actually is -- currency vs. stock vs. money -- Velde has an answer.
But there were notable speculative opportunities for those with government connections.
"In this market environment, investors have little appetite for speculative opportunities, and unfortunately for Facebook, the stock will remain in the penalty box until they can demonstrate improving growth trends," said Colin Sebastian, an analyst with Robert W. Baird & Company.
But the devaluation could also send inflation higher, by making imported goods more expensive and encouraging arbitrage by traders who seize on speculative opportunities presented by the new dual exchange rates.
The prospect of new speculative opportunities could well recharge the animal spirits upon which Wall Street depends.
The first section focuses on the opportunities and challenges presented by today's AI while the second explores longer-term speculative opportunities and challenges that are contingent upon future developments that may never happen.
As a speculative example, fewer opportunities for female emancipation in the Sri Lankan context may mean that many women are stuck in unhappy situations.
To me, this represents the maturation of these stocks from a speculative to an investment-grade opportunity.
Cryptocurrency is the closest thing they have to employee equity, itself a speculative asset; it's their opportunity to be in the right place at the right time.
