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The Economics of Bitcoin

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The cryptocurrency market has been a little bit of revolution within the past decade, it started as little more than an experiment in social and computer engineering and today it is one of the most dynamic and frankly volatile markets in the world.

I want to take an extremely objective approach to explore what cryptocurrencies are and where they fit in to the world of investments.

Cryptocurrencies have been called a range of things that all have very different economic definitions,

Crypto CURRENCIES have firstly of course been called currencies, I mean its right there in the name

Crypto currencies have also been called the modern store of value similar to gold or other precious metals.

And of course crypto currencies have been called glorified gambling, most notably by outlets like last week tonight and other similar critics

So where do they actually fall? hopefully here we can discuss that very question.

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References _

White, L.H., 2015. The market for cryptocurrencies. Cato J

Antonopoulos, A.M., 2014. Mastering Bitcoin: unlocking digital cryptocurrencies. " O'Reilly Media, Inc

Bech, M.L. and Garratt, R., 2017. Central bank cryptocurrencies. BIS Quarterly Review September

Narayanan, Arvind; Bonneau, Joseph; Felten, Edward; Miller, Andrew; Goldfeder, Steven (2016). Bitcoin and cryptocurrency technologies: a comprehensive introduction. Princeton: Princeton University Press

Roberts, Jeff John (9 July 2018). "Another Crypto Fail: Hackers Steal $23.5 Million from Token Service Bancor

Sagona-Stophel, Katherine. "Bitcoin 101 white paper"
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