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Cryptocurrencies €“ The Key To The Future Of Digital Economy

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  • Camelia BAESU

    (Stefan cel Mare University of Suceava, 720229, Romania)

Abstract

Over the last decades, the money market has become more and more complex and diversified bringing about both greater opportunities and risks for investors. Thus, the investment environment has significantly changed lately, and technology has been playing a major role in this conversion. In time cryptocurrencies have been given greater and greater attention by investors and mass-media, due to the significant increase in their prices and their possibility of providing an alternative to traditional coins and investments. This has led to an increase in demand and interest for cryptocurrencies such as Bitcoin, Ethereum and Litecoin, and has made them be one of the most popular and innovating active financial assets at present. The key factors influencing global cryptocurrency market increase are the increasingly greater demand of expertise in business, limited cash-paying systems, increase in payment demand in developing countries, improvement of data security and increase in market size.

Suggested Citation

  • Camelia BAESU, 2024. "Cryptocurrencies €“ The Key To The Future Of Digital Economy," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 12(1), pages 109-115, February.
    • Handle: RePEc:scm:ejafbu:v:12:y:2024:i:1:p:109-115
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    References listed on IDEAS

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    1. Vladlena Benson & Bogdan Adamyk & Anitha Chinnaswamy & Oksana Adamyk, 2024. "Harmonising cryptocurrency regulation in Europe: opportunities for preventing illicit transactions," European Journal of Law and Economics, Springer, vol. 57(1), pages 37-61, April.
    2. D’Amato, Valeria & Levantesi, Susanna & Piscopo, Gabriella, 2022. "Deep learning in predicting cryptocurrency volatility," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 596(C).
    3. Cristina Gabriela COSMULESE, 2021. "Cryptocurrency As An Investment Or Disruptive Technology: Theoretical Insighs," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 16(26), pages 73-80, June.
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