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Cryptocurrency As An Investment Or Disruptive Technology: Theoretical Insighs

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  • Cristina Gabriela COSMULESE

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

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.

Suggested Citation

  • 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.
    • Handle: RePEc:scm:ejafbu:v:16:y:2021:i:26:p:73-80
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    References listed on IDEAS

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    1. Olena Bondarenko & Oksana Kichuk & Andrii Antonov, 2019. "The Possibilities Of Using Investment Tools Based On Cryptocurrency In The Development Of The National Economy," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 5(2).
    2. Enoksen, F.A. & Landsnes, Ch.J. & Lučivjanská, K. & Molnár, P., 2020. "Understanding risk of bubbles in cryptocurrencies," Journal of Economic Behavior & Organization, Elsevier, vol. 176(C), pages 129-144.
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