Bitcoin: Future or Fad?

Daniel Tut

MPRA Paper from University Library of Munich, Germany

Abstract: Is Bitcoin the payment system of the future? In these notes, we argue that Bitcoin is neither currency nor gold, but that it is a tradable asset and an alternative form of investments. Bitcoin also exhibits some features as an investment asset that are similar to collectibles. The true value of Bitcoin lies not in its speculative nature but in the embedded technology which has the long term potential of revolutionizing traditional nance. Blockchain technology can provide solutions to Big Data challenges and provide an o -ramp during political uncertainty. Bitcoin's long-term survivability and viability as an asset will largely depend on its diversification role, institutional adoption, tax treatment and regulations.

Keywords: Bitcoin; Cryptocurrency; Blockchain technology; smart contracts; digital assets; NFTs; Payment Systems; Money (search for similar items in EconPapers)
JEL-codes: D8 D84 E4 G0 G02 G1 G17 G18 K22 M21 O3 O31 O33 (search for similar items in EconPapers)
Date: 2022-03-10
New Economics Papers: this item is included in nep-fmk, nep-mac and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://mpra.ub.uni-muenchen.de/112376/1/MPRA_paper_112376.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/113472/1/MPRA_paper_112376.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/113472/9/MPRA_paper_113472.pdf revised version (application/pdf)

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Chapter: Bitcoin: Future or Fad? (2022)
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