Bitcoin in Conventional Markets: A Study on Blockchain-Induced Reliability, Investment Slopes, Financial and Accounting Aspects

Kamer-Ainur Aivaz (), Ionela Florea Munteanu () and Flavius Valentin Jakubowicz
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Kamer-Ainur Aivaz: Faculty of Economic Studies, Ovidius University of Constanta, Aleea Universitatii No. 1, 900470 Constanta, Romania
Ionela Florea Munteanu: Faculty of Economic Studies, Ovidius University of Constanta, Aleea Universitatii No. 1, 900470 Constanta, Romania
Flavius Valentin Jakubowicz: Accounting Department, Bucharest University of Economic Studies, 1 Tache Ionescu Street, 010352 Bucharest, Romania

Mathematics, 2023, vol. 11, issue 21, 1-20

Abstract: Based on traditional market theory, this study aims to investigate whether conventional market investment slopes affect the unconventional Bitcoin market, considering both normal conditions and crises. This study examines three main characteristics of the economy-intensive blockchain system, namely reliability, investment slopes, financial and accounting aspects that ultimately determine the confidence in the choice to invest in cryptocurrency. The analysis focuses on the study of the Bitcoin (BTC) investment slopes during January 2014–April 2023, considering the specifics of blockchain technology and the inferences of ethics, reliability and real-world data on investment Tassets in the context of conventional regulated markets. Using an econometric model that incorporates reliability analysis techniques, factorial comparisons and multinomial regression using economic crisis periods as a dummy variable, this study reveals important findings for practical and academic purposes. The results of this study show that the investment slopes of Bitcoin (BTC) are mostly predictable for downward trends, when statistically significant correlations with the investment slopes of conventional stock markets are observable. The moderate or high increase in performance slopes pose several challenges for predictive analysis, as they are influenced by other factors than conventional regulated market performance inferences. The results of this study are of intense interest to researchers and investors alike, as they demonstrate that investment slopes analysis sheds light on the intricacies of investment decisions, allowing a comprehensive assessment of both conventional markets and Bitcoin transactions.

Keywords: trust of blockchain; investment slopes; cryptocurrency; international finance; conventional markets; Bitcoin investment; investment reliability (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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