Paper Title :Bitcoin is an Investment or Speculation
Author :Yuvika Gupta
Article Citation :Yuvika Gupta ,
(2018 ) " Bitcoin is an Investment or Speculation " ,
International Journal of Advances in Science, Engineering and Technology(IJASEAT) ,
pp. 144-147,
Volume-6, Issue-4
Abstract : Bitcoin is defined as digital money within a decentralized peer-to-peer payment network. It is considered as a
hybrid between precious metals with intrinsic value and fiat currency backed by a monetary authority. It is a cryptographic
currency which has gone through lot of spectacular developments leading to lot of academic attention. This paper
investigates to answer the question whether bitcoin is an investment asset which offers diversified benefits to the investors or
it can also be stated as whether bitcoin possess hedge or safe haven properties. The study of recent literature shows that
bitcoins are mainly used as an investment rather than as an alternative currency. It is found to be useful for risk management
as portfolio optimization. Bitcoin is considered one of the reasons for 2017 to be the terrific year for the equity markets after
2008-2009. The demand for bitcoins increased drastically even if when investor cannot spend bitcoins at offline store or
online. Overstock.com was the first big online retailer which starts accepting bitcoins in January 2014.
Blockchain (BC), is the technology behind the Bitcoin crypto-currency system, which is considered to be both alluring and
critical for ensuring enhanced security and privacy for diverse applications in many other domains - including in the Internet
of Things (IoT) eco-system. Intensive research is currently being conducted in both academia and industry applying the
Blockchain technology in multifarious applications.
Keywords - Bitcoin; Block-chain; Cryptocurrecncy; Investment; Speculation.
Type : Research paper
Published : Volume-6, Issue-4
DOIONLINE NO - IJASEAT-IRAJ-DOIONLINE-14297
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Copyright: © Institute of Research and Journals
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Published on 2019-01-31 |
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