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Analysis of the factors that determine the long-term profitability of the initial supply of cryptocurrencies
[Анализ Факторов, Определяющих Долгосрочную Доходность Первичного Предложения Крипто-Валют]

Author

Listed:
  • Simonov, Andrey (Симонов, Андрей)

    (The Russian Presidential Academy of National Economy and Public Administration)

  • Zyamalov, Vadim (Зямалов, Вадим)

    (The Russian Presidential Academy of National Economy and Public Administration)

  • Sukhobok, Olga (Сухобок, Ольга)

    (The Russian Presidential Academy of National Economy and Public Administration)

Abstract

Cryptocurrencies have recently begun to attract attention of investors. Initial Coin Offering (ICO), being essentially one of the forms of crowdfunding, offer investment opportunities that are close to traditional securities. Cryptocurrencies are currently being traded on specialized exchanges, also the first funds focused on investing in cryptocurrencies are emerging. Nevertheless, this type of investment has a large number of “pitfalls”: legal uncertainty regarding the status of this market, extremely high price volatility, a high percentage of unsuccessful or scum ICOs, and the absence of any guarantees. On the other hand, there is still an extremely small number of studies on this topic. This makes the present work extremely useful in terms of understanding the processes in the new cryptocurrency market.

Suggested Citation

  • Simonov, Andrey (Симонов, Андрей) & Zyamalov, Vadim (Зямалов, Вадим) & Sukhobok, Olga (Сухобок, Ольга), 2020. "Analysis of the factors that determine the long-term profitability of the initial supply of cryptocurrencies [Анализ Факторов, Определяющих Долгосрочную Доходность Первичного Предложения Крипто-Вал," Working Papers 052014, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:052014
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