# Whisky Cask Cryptos This Asset-Based Cryptocurrency Lets You Invest In Whisky Casks By Rahul Kalvapalle | Published 2018-03-23 | Lifestyle Source: Trend Hunter, https://www.trendhunter.com/trends/assetbased-cryptocurrency References: [bitsonline](https://www.bitsonline.com/cask-coin-whisky-cryptocurrency/) & [caskcoin](http://www.caskcoin.com/whitepaper.pdf) CaskCoin is a tasty new asset-based cryptocurrency project that is designed to make it possible for you to invest in one of the few assets whose demand never seems to drop — whisky. Introduced by the [North of Scotland Distilling Company](https://www.trendhunter.com/trends/woven-x-civerinos-hot-honey), each CaskCoin effectively guarantees ownership of a share in each cask of whisky being nurtured by the company. The CaskCoin whitepaper describes whisky as an asset which cannot be consumed more than once, therefore giving it a value that increases over time. While this property of whisky is no secret, the fact of the matter is that [whisky investing](https://www.trendhunter.com/trends/johnnie-walker-vault) has long been the reserve of the very wealthy. This is where CaskCoin comes in. By using an asset-based cryptocurrency to let people [invest in whisky casks](https://www.trendhunter.com/trends/caskstrength-whiskies), regular customers can potentially translate their passion for whisky into profits. ## Trend Insights (Trend Hunter) - Score: 1.9/10 - Popularity: 15% | Activity: 33% | Freshness: 8% - Audience gender: 90% men, 10% women - Primary generations: Millennial, Gen X - Top markets: North America, Europe ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Lifestyle](https://www.trendhunter.com/lifestyle) > [Drinking](https://www.trendhunter.com/drinking) ## Key Themes ### Key Themes Behind This Trend - **Asset-based Cryptocurrency:** Asset-based cryptocurrencies like CaskCoin create new opportunities for investors to diversify their portfolios and invest in unique assets. - **Whisky Investing:** The rise of asset-based cryptocurrencies like CaskCoin is making whisky investing more accessible to regular customers, allowing them to turn their passion into profits. - **Democratization of Investments:** Asset-based cryptocurrencies like CaskCoin democratize investment opportunities by allowing regular customers to invest in traditionally exclusive assets like whisky casks. ### Where This Applies - **Cryptocurrency:** The asset-based cryptocurrency industry is providing new investment alternatives and disrupting traditional investment markets. - **Whisky Distilling:** The whisky distilling industry can embrace asset-based cryptocurrencies like CaskCoin to attract new investors and expand their customer base. - **Financial Technology:** Asset-based cryptocurrencies like CaskCoin are driving innovation in the financial technology industry by creating new ways to invest in unique assets. ## Related on Trend Hunter - [Cryptocurrency-Inspired Whiskeys](https://www.trendhunter.com/trends/gold-bar-whiskey-bitcoin-reserve.md) - [Luxury Whisky NFTs](https://www.trendhunter.com/trends/dewars.md) - [Innovative Bitcoin Bourbons](https://www.trendhunter.com/trends/bitcoin-bourbon.md) - [AI-Powered Cask Whiskey Exchanges](https://www.trendhunter.com/trends/lyqd.md) - [Asset-Backed Whiskey NFTs](https://www.trendhunter.com/trends/rlon-wang.md) - [NFC-Enabled Whiskey Bottles](https://www.trendhunter.com/trends/one-cask-at-a-time.md) - [Twinset Whiskey NFTs](https://www.trendhunter.com/trends/benriach-1.md) - [NFT Scotch Whisky Bottles](https://www.trendhunter.com/trends/johnnie-walker-release.md) - [Redeemable Whisky NFTs](https://www.trendhunter.com/trends/rebirth-nft-collection.md)