After the 1929 stock market crash, new regulations brought infrastructure that helped form the insular culture of Wall Street's traders and analysts.
The creation of the U.S. Securities and Exchange Commission (SEC) ultimately meant that only a small percentage of people would qualify as accredited investors. Success within money's inner circle bred a culture of trade secrets and information asymmetry. Analysts and traders worked their edges and guarded their insight. Information moved within closed circuits of buy-side and sell-side analysts whose work informed limited numbers of investors and traders.
In contrast, the culture around cryptocurrencies looks much different.
Cryptocurrency analysts and traders have taken to social media and other platforms to publicly share their insights and advice on industry trends, popular tokens, price predictions and high reward trades.
Twitter is the most impactful forum, while CoinDesk guest contributors and Medium blog posts offer longer-form analysis and insight from around the world.
Inspired by the shift in culture from cloistered Wall Street to the more open and transparent influencers in the crypto space, CoinDesk has established the following Top 5 Analysts and Top 5 Token Traders lists.
With the final 10 selected from a total of over 30 candidates, factors for consideration included Twitter followers, analyses published, charts produced, industry experience, incumbent financial industry experience (with bonus points for having both), votes from the State of Blockchain Q3 sentiment survey, and several other data points.