Bitcoin: Future or Fad?

Daniel Tut

A chapter in Big Data in Finance, 2022, pp 133-157 from Springer

Abstract: Abstract Is Bitcoin the payment system of the future? This chapter argues that Bitcoin is neither currency nor gold; instead, it is a tradeable asset and an alternative form of investment. Moreover, Bitcoin also exhibits some investment features similar to collectibles. This chapter shows that the true value of Bitcoin lies not in its speculative nature but in its embedded technology, blockchain, which has the potential to revolutionize traditional finance. Blockchain technology can provide solutions to big data challenges and provide an off-ramp during times of political uncertainty. Lastly, this chapter discusses how Bitcoin’s long-term survivability and viability as an asset will largely depend on its diversification, institutional adoption, tax treatment, and regulations.

Keywords: Bitcoin; Cryptocurrency; Blockchain technology; Smart contracts; Digital assets; NFTs (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Bitcoin: Future or Fad? (2022)
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:spr:sprchp:978-3-031-12240-8_8

Ordering information: This item can be ordered from
http://www.springer.com/9783031122408

DOI: 10.1007/978-3-031-12240-8_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().