An X-ray of Bitcoin Cryptocurrency

George Dumitrescu ()

Revista de Economie Mondiala / The Journal of Global Economics, 2015, vol. 7, issue 3

Abstract: In the context of an increased distrust of the population in the financial system, generated by the recent crisis, †the digital payment instruments†have emerged as a new alternative to the online transactions for a variety of communities interlinked via the Internet. Bitcoin is the first of these "instruments" that came out of the pattern of a single online community, propagating as an accepted means of payment in the transactions between virtual communities worldwide. Its platform enables the expansion of the network by taking new members: individuals, public or private organizations, etc. Analyzing economic literature, the statistical information and the available data provided by the great promoters of this payment system, our paper aims to assess the Bitcoin phenomenon, from monetary standpoint and also from the perspective of a SWOT analysis, identifying the advantages and disadvantages of the system and development prospects in the medium and long run.

Keywords: bitcoin; criptocurrency; investment; tranzactions; payments (search for similar items in EconPapers)
JEL-codes: E42 E50 J33 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.iem.ro/rem/index.php/REM/article/view/215/259 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iem:journl:v:3:y:2015:id:2822000009561011

Access Statistics for this article

Revista de Economie Mondiala / The Journal of Global Economics is currently edited by Simona Moagar Poladian, PhD

More articles in Revista de Economie Mondiala / The Journal of Global Economics from Institute for World Economy, Romanian Academy Contact information at EDIRC.
Bibliographic data for series maintained by Ionela Baltatescu ( this e-mail address is bad, please contact ).