A historical excursion through the development of cryptocurrencies in the world

Jiří KuÄ Era and Tomáš Andelík

Littera Scripta, 2021, vol. 14, issue 1

Abstract: In this paper, the topic of cryptocurrencies is investigated. The aim is to explain the basic characteristics of four selected cryptocurrencies, to show what the investment in these cryptocurrencies would have looked like in the last two years. Each of the cryptocurrencies examined varies greatly in both purpose and effectiveness. We use the methods of performance comparison and technical analysis. The aim of the article is to compare Ethereum and Bitcoin and to show the effect of the coronavirus pandemic on the development of cryptocurrency prices. The results show that investments in Ethereum or Bitcoin have been the most profitable in the last two years. Regarding the period of the coronavirus crisis, the most favorable investment was Ethereum.

Keywords: cryptocurrency; covid; investment; price development; bitcoin; ethereum; blockchain (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:rsg:littra:2021-007

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