Economic Analysis of Cryptographic Currencies on the Basis of Bitcoin

Economic Analysis of Cryptographic Currencies on the Basis of Bitcoin

Snorri Christian Glaeser
Economic Analysis of Cryptographic Currencies on the Basis of Bitcoin

Economic Analysis of Cryptographic Currencies on the Basis of Bitcoin

🌐🌐🌐 Bachelor Thesis from the year 2014 in the subject Economics - Monetary theory and policy, grade: 1,3, Rhine-Waal University of Applied Sciences, language: English, abstract: Cryptocurrencies have gained increasing attention in the recent years. Especially Bitcoin is on his way from being a very little known phenomenon towards becoming a seriously recognized player in the economy. Its origin lies in the subprime mortgage crisis of 2007 after which crypto anarchists attempted to take the matter of money distribution in their own hands. In 2013, most people still didnt know what the term Bitcoin is associated with. In a survey, conducted by a German newspaper, 51% of the interviewed persons couldnt identify Bitcoin. The other half has heard about Bitcoin but could not give further explanation except of identifying it as a virtual cyber currency. There exists a great need for enlightenment about cryptocurrencies such as Bitcoin.Cryptocurrencies are often associated with the Wild West, as there are still lots of open questions concerning its nature juristically, economically and tax status. The price of a Bitcoin has been growing with recurrences of high fluctuations in the last years and has shown similarities to the concepts of a speculative Bubble. Is this statement justifiedThe media either praises Bitcoin as a great innovation, or demonizes it. This makes it very difficult to obtain an objective position about Bitcoin. This work analyses the characteristics of Bitc...


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