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Bitcoin and the World of Digital Currencies

In: Financial Management from an Emerging Market Perspective

Author

Listed:
  • Asma Salman
  • Muthanna G. Abdul Razzaq

Abstract

A peer-to-peer system of blockchain, originally started for a cryptocurrency Bitcoin, has caused major disruptions in the stock market. It has affected many businesses if not all, but its significance in the financial world is magnanimous. Historical data (daily rates) for the past 23 months are analyzed to understand the market size, market capitalization and price volatility for Bitcoin. Time series data and financial model are applied to realize the shocks. Monte Carlo simulation is applied to assess the dynamic structure of Bitcoin. With greater volume and activity, the banks and financial intermediaries may become outdated, and the middleman will have no place. It seems like a distant thought, but the facts are pointing toward its reality.

Suggested Citation

  • Asma Salman & Muthanna G. Abdul Razzaq, 2018. "Bitcoin and the World of Digital Currencies," Chapters, in: Soner Gokten & Guray Kucukkocaoglu (ed.), Financial Management from an Emerging Market Perspective, IntechOpen.
    • Handle: RePEc:ito:pchaps:120052
    DOI: 10.5772/intechopen.71294
    as

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    File URL: https://www.intechopen.com/chapters/57380
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    More about this item

    Keywords

    finance; stock market; cryptocurrencies; Monte Carlo; ADF;
    All these keywords.

    JEL classification:

    • C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software
    • E47 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Forecasting and Simulation: Models and Applications

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