Academic Paper from the year 2019 in the subject Economics - Finance, grade: 1,3, Boston University, course: Quantitative Methods, language: English, abstract: This academic paper analyses the relationship between the market price of selected Cryptocurrencies, its traded volume and circulating supply. Various quantitative methods of statistics are applied in order to evaluate any relation between all three parameters.In rapidly changing times of today, the financial market is being shaped in all its sectors driven by existing megatrends such as Digitization. Technological improvements and virtual connectivity are yet the latest advancements which push forward the disruption of the financial sector. One recent phenomenon are Cryptocurrencies, virtual tokens that are stored and transferred digitally on a Distributed Ledger (DLT). A DLT-network represents a peer-to-peer environment which enables individuals to operate financial transactions that are operated and recorded in a decentralized and encrypted manner. Every transfer is then stored in the virtual Blockchain. Unlike established mechanisms in world economy, Cryptocurrencies aim to establish a new environment which performs independently, securely distributed and detached from regulations by authorities or governments. In contrast to physical currencies, Cryptocurrencies are not backed by a Central Bank or have an underlying asset or security that builds the fundament for the virtual currency. It is to say that Cryptocurrencies can yet not be seen as a universal medium of payment since they fundamentally fail to meet three requirements of the Federal Reserve Banks in order be an accepted currency. (cf. HSBC, 2018)
Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.