{"id":9456,"date":"2023-03-08T06:29:40","date_gmt":"2023-03-08T06:29:40","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=9456"},"modified":"2025-02-19T09:47:58","modified_gmt":"2025-02-19T09:47:58","slug":"whisky-as-a-reserve-resource-for-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/whisky-as-a-reserve-resource-for-cryptocurrencies","title":{"rendered":"Whisky as a reserve resource for cryptocurrencies"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/whisky-as-a-reserve-resource-for-cryptocurrencies\/#tokenizing_barrels\" >Tokenizing barrels<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/whisky-as-a-reserve-resource-for-cryptocurrencies\/#kentucky_whisky_digital_fund\" >Kentucky Whisky Digital Fund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/whisky-as-a-reserve-resource-for-cryptocurrencies\/#caskcoin_the_cryptocurrency_of_scotch_whisky\" >CaskCoin, The cryptocurrency of Scotch Whisky<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/whisky-as-a-reserve-resource-for-cryptocurrencies\/#cryptocurrencies_and_whiskey_the_not_so_much_strange_couple\" >Cryptocurrencies and Whiskey, the (not so much) strange couple<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>You are reading Isaac Sotillos, guest of honor in our blog and author of\u00a0tuwhisky.com<\/p>\n<p>When we think of whiskey, we usually think of\u00a0<b>very concrete ideas<\/b>: meetings of\u00a0<b>men in suits<\/b>,\u00a0<b>incognito secret agent<\/b>\u00a0in luxury casinos, yachts moored on heavenly beaches, \u2026 that kind of thing.<\/p>\n<p>Maybe the last thing that reminds us of the whiskey idea is crypto currency, right? Well, in 2020 and 2021, whiskey (yes, yes, whiskey) has become\u00a0<b>one of the top assets<\/b>\u00a0when supporting cryptocurrencies.<\/p>\n<p>In this article I want to\u00a0<b>analyse recent examples<\/b>\u00a0where whisky plays a key role in\u00a0<b>cryptocurrency construction<\/b>, acting normally\u00a0<b>as a reserve resource<\/b>. Finally, I will finish by briefly analyzing the qualities of whisky as a resource that can be tokenized or used as a reserve for cryptocurrencies, so that you can\u00a0<b>evaluate the pros and cons<\/b>\u00a0by yourself.<\/p>\n<p>Let\u2019s start!<\/p>\n<h2><span class=\"ez-toc-section\" id=\"tokenizing_barrels\"><\/span><strong>Tokenizing barrels<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Last September, a fund of <a href=\"https:\/\/wavegp.com\/\">Wave Financial Group<\/a>\u00a0announced the\u00a0<b>purchase of 1,000 barrels of bourbon whisky<\/b>.<\/p>\n<p>The investment in these barrels, via tokenization, promises to\u00a0<b>5 to 6 years profit<\/b>, period during which whisky ages in barrels and\u00a0<b>undergoes a revaluation<\/b>\u00a0that it was impossible to offer investors before the advent of blockchain technology.<\/p>\n<p>Society expects every barrel\u00a0<b>to increase its value<\/b>\u00a0about 3,000 USD during this period. Such investment is part of a\u00a0<b>more ambitious strategy<\/b>, started during the summer and which I will talk about below.<\/p>\n<div id=\"image_357042627\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/barriles-1024x701.jpg\" sizes=\"(max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/barriles-1024x701.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/barriles-300x206.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/barriles-768x526.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/barriles-1536x1052.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/barriles-2048x1403.jpg 2048w\" alt=\"whisky respaldo criptomonedas Bitnovo\" width=\"1020\" height=\"698\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/barriles-1024x701.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/barriles-300x206.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/barriles-768x526.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/barriles-1536x1052.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/barriles-2048x1403.jpg 2048w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/barriles-1024x701.jpg\" data-sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/div>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"kentucky_whisky_digital_fund\"><\/span><strong>Kentucky Whisky Digital Fund<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On 11 July this year, the aforementioned Wave Financial Group announced that it will launch, along with NEM Group Ltd., a token called\u00a0<b>Kentucky Whisky Digital Fund<\/b>\u00a0by the end of 2020.<\/p>\n<p><a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/\">NEM<\/a>, is the development company of\u00a0<b>blockchain Symbol platform<\/b>. They launched their token in 2015, which\u00a0<b>usually stands among the top 50 of\u00a0<\/b>capitalization on the cryptocurrency market. Currently, it is estimated that\u00a0<b>its capitalisation is approximately 431 million<\/b>\u00a0de d\u00f3lares.<\/p>\n<p>Entrambe le entit\u00e0 sono state associate con la celebre Distillery\u00a0<a href=\"https:\/\/wildernesstraildistillery.com\/\">Wilderness Trail<\/a>, and will launch a fund for\u00a0<b>the value of one year<\/b>\u00a0production of the distillery: about 25,000 barrels of\u00a0bourbon\u00a02020. This\u00a0<b>will allow interested investors selling<\/b><b>\u00a0tokens guaranteed by resources<\/b>\u00a0linked to an annual inventory of\u00a0<b>four million bottles<\/b>.<\/p>\n<p>The objective is to\u00a0<b>obtain returns through strategic sale of barrels<\/b>\u00a0throughout the useful life of the fund. Therefore, the managers of the Digital Fund estimate that\u00a0<b>can obtain a IRR<\/b>\u00a0(Internal Rate of Return)\u00a0<b>del 20%<\/b>\u00a0for the next six years. It\u2019s not bad, is it?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"caskcoin_the_cryptocurrency_of_scotch_whisky\"><\/span><strong>CaskCoin, The cryptocurrency of Scotch Whisky<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Finally, we have the example of Caskcoin, a Scottish cryptocurrency <strong>supported by scotch whisky aged<\/strong>. This whisky is mainly composed of a selection of Single Malts that have matured from 25 to 50 years. It is an exclusive and highly sought after malt whisky. Many of them reach high auction prices and come from all regions of Scotland.<\/p>\n<p>The company defends on its site the goodness of Scotch whisky as a product of great commercial projection: it represents nothing less than\u00a0<strong>a quarter of UK exports<\/strong>\u00a0on food and drink; employs directly and indirectly more than 9,000 people; and exports annually more than 1.2 billion bottles, which reach more than 180 countries.<\/p>\n<p>These are undoubtedly staggering numbers. But is the trust you receive as a reserve resource justified? To answer this question you need to take a closer look at the whiskey.<\/p>\n<div id=\"image_1018235121\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/poker-1024x701.jpg\" sizes=\"(max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/poker-1024x701.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/poker-300x206.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/poker-768x526.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/poker-1536x1052.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/poker-2048x1403.jpg 2048w\" alt=\"whisky respaldo criptomonedas Bitnovo\" width=\"1020\" height=\"698\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/poker-1024x701.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/poker-300x206.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/poker-768x526.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/poker-1536x1052.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/poker-2048x1403.jpg 2048w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/01\/poker-1024x701.jpg\" data-sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/div>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"cryptocurrencies_and_whiskey_the_not_so_much_strange_couple\"><\/span>Cryptocurrencies and Whiskey, the (not so much) strange couple<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ci sono diverse caratteristiche intrinseche del whisky come risorsa che sembrano renderlo particolarmente interessante per il supporto delle criptovalute..<\/p>\n<p>As in the case of physical currencies during the gold standard,\u00a0<strong>have as support of their own currency a scarce good and perceived as high value by the public is something very interesting<\/strong>. Whisky, in particular aged whisky, has both characteristics.<\/p>\n<p>But it\u2019s not just aged whiskey that offers interesting options. As young whiskey matures year after year in its cask, its market price increases dramatically. The problem is that there was no way that the investor could access this revaluation \u2026 until cryptocurrencies emerged. This new way of investing\u00a0<strong>makes it possible to purchase tokens supported by such whiskey<\/strong>, offering investors high profit expectations with all the security offered by blockchain technology.<\/p>\n<p>In other words, investing in whisky can offer activities in support of a scarce, high-value physical asset that can be revalued for decades as it ages and the consumption of lots of similar age makes it increasingly weaker.<\/p>\n<p>Consequently, the use of whisky as a reserve asset shows enormous potential. It is an alternative to all activities called SWAG: acronym of Silver, Wine, Art, Gold (Silver, Wine, Art and Gold)<\/p>\n<p>However, unlike gold, silver and works of art,\u00a0<strong>whisky is a fungible good that disappears once consumed, increasing its value.<\/strong>\u00a0It is also preferable to wine, as its \u201clife expectancy\u201d is much longer.<\/p>\n<p>Finally, whisky as a reserve resource for tokens and cryptocurrencies is on track to become a more than interesting option for the immediate future. You should give it attention.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>You are reading Isaac Sotillos, guest of honor in our blog and author of\u00a0tuwhisky.com When we think of whiskey, we usually think of\u00a0very concrete ideas: meetings of\u00a0men in suits,\u00a0incognito secret agent\u00a0in luxury casinos, yachts moored on heavenly beaches, \u2026 that kind of thing. Maybe the last thing that reminds us of the whiskey idea is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-9456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=9456"}],"version-history":[{"count":1,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9456\/revisions"}],"predecessor-version":[{"id":21324,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9456\/revisions\/21324"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/9458"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=9456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=9456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=9456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}