CRYPTOCURRENCY AS AN INVESTMENT OR DISRUPTIVE TECHNOLOGY: THEORETICAL INSIGHS

Cristina Gabriela Cosmulese
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Cristina Gabriela Cosmulese: Stefan cel Mare University of Suceava, 720229, Romania

European Journal of Accounting, Finance & Business, 2021, vol. 16, issue 26, 73-80

Abstract: One of the most exciting contemporary technology-driven developments is the rise of the cryptocurrency market, which challenges the established model of the money market. In this sense, the aim of this paper, is to study the nature of the new currency, highlighting the differences between it and the official ones as well as security issues related to their value and volatility. The risks will also be mentioned, both those related to fraud and cybercrime, and those associated with energy consumption, which raise several issues in terms of environmental impact. Relevant characteristics such as volatility and stability, which are closely linked, will also be examined to explore the role that this currency can play not only as a means of payment but also as a store of value.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:scm:ejafbu:v:16:y:2021:i:26:p:73-80

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