| Issue |
SHS Web Conf.
Volume 129, 2021
The 21st International Scientific Conference Globalization and its Socio-Economic Consequences 2021
|
|
|---|---|---|
| Article Number | 03026 | |
| Number of page(s) | 10 | |
| Section | Financial Management and Financial Markets | |
| DOI | https://doi.org/10.1051/shsconf/202112903026 | |
| Published online | 16 December 2021 | |
Bitcoin: an alternative currency to pay for goods and services or a useful investment tool?
Vysoka skola technicka a ekonomicka v Ceskych Budejovicich, Okruzni 517/10, 370 01 Ceske Budejovice, Czech Republic
* Corresponding author: petr.suler@cez.cz
Research background: Bitcoin is defined as digital money in a peer-to-peer decentralized payment network, an amalgam hybrid between fiat and commodity currency without a real value. This digital currency is also independent of any government or currency administration.
Purpose of the article: This article explores whether bitcoin works as a medium of exchange or relates to assets, focusing on its current use and future utility regarding its characteristics.
Methods: Analysing bitcoin statistical features, we found no connection with traditional asset categories such as stock, bonds and commodities either in intermediate time, or periods of financial crises.
Findings & Value added: The study suggests that investors’ abiding interest in bitcoins can have a positive impact on their liquidity in the real time.
Key words: volatility; / bitcoin; / cryptocurrency; / peer-to-peer; / investment
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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