Theoretical and Applied Economics
No. 4 / 2017 (613), Winter
Bitcoin as digital money: Its growth and future sustainability
Indian Institute of Technology Hyderabad, India
Abstract. This paper examines the comprehensive idea about the growth and future sustainability of bitcoin as a cryptocurrency. The transaction volume of bitcoin is used as the growth of the bitcoin and the bitcoin log return is used for testing the volatility which is helpful for the future sustainability of bitcoin. The study period says that the growth of bitcoin’s transaction volume is an increasing trend as more day to day transaction is minting with the exchange of Bitcoin. The study also uses ARCH & GARCH methodology to know the volatility of this emerging digital currency, and the GARCH result shows that it is a highly volatile currency. As a result, most of the governments have not given their legal status for the use of bitcoin in their country. But if bitcoin will be stable in the future, then it is easily accepted through worldwide and in the long run, people will have more faith in the cryptocurrency technology and its usability.
Contents
The financial stability index – An insight into the financial and economic conditions of Romania
The strategy for reducing unemployment. Employment in the European Union
Economic value of portfolio diversification: Evidence from international multi-asset portfolios
Inflation convergence among the next eleven economies: Evidence from asymmetric nonlinear unit root test
Bitcoin as digital money: Its growth and future sustainability
Target P/E ratio determinants in the Turkish Stock Market: Earning volatility effect
Wavelets based multiscale analysis of select global equity returns
The cost to have a healthy population – The European Union's strategy
The relationship between oil and stock prices: The case of developing and developed countries
Macroeconomic determinants of income inequality in India and Pakistan
Urbanisation and inequalities in China and India. Overview and comparative study
Examination of the exchange rate and interest rate channels of the monetary transmission mechanism during the inflation targeting: Turkey and Mexico countries examples
Macroeconomic determinants of public debt growth: A case study for Tunisia
Dynamic regime switching behaviour between cash and futures market: A case of interest rates in India