Bitcoin and Future of Cryptocurrency

Authors

  • Afzalur Rahman B S Abdur Rahman Crescent Institute of Science and Technology, Chennai, India
  • Ayub Khan Dawood B S Abdur Rahman Crescent Institute of Science and Technology, Chenai, India

DOI:

https://doi.org/10.12725/ujbm.46.5

Keywords:

Bitcoin and Cryptocurrency, Digital Payments, Payment systems, Regulations

Abstract

There are diverse variables that impact the future usage of bitcoin, from issues related to security to concerns pertaining to garnering acceptance from the market and customers. In this article, few predictive statements have been analysed regarding the future of bitcoin, such as (1) the growth of share of digital purchases, (2) customer acceptance for blockchain innovation in electronic settlements, payment and banking system, (3) the emergence of bitcoin and also various other cryptocurrencies as niche cash, and (4) the implications of bitcoin or some other cryptocurrency as a specific niche cash in nations with specifically weak currency, and (5) the possibilities of regulative dangers of bitcoin usage in these nations.

References

Bitcoin.com. (2019, January 28). The Daily. Retrieved from https://news.bitcoin.com: https://news.bitcoin.com/the-daily-iran-said-to-announce-crypto-rial-this-week-italy-closer-to-crypto-regulation/

CCID. (2019, 1 24). CCID released the global public chain technology evaluation index No. 9: EOS, Ethereum still top two bitcoins rose by 3 to 15. Retrieved from http://www.ccidnet.com: http://www.ccidnet.com/ 2019/ 0124/ 10452682.shtml

coinmarketcap. (2019, January 27). Retrieved from https://coinmarketcap.com: https:// coinmarketcap.com/ currencies/ bitcoin-sv/

How governments are using blockchain technology. (2018, 8 22). Retrieved from https://www.intheblack.com: https://www.intheblack.com/ articles/2018/08/22/how-governments-using-blockchain-technology

India, R. B. (2013, December 24). PRESS RELEASES. Retrieved from https://rbi.org.in: https://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=42462

Levy, D., & Andrew T, Y. (2014). The Real Thing: Nominal Price Rigidity of the Nickel Coke, 1886-1959. Journal of Money, Credit and Banking , 765-799.

Luther , W. (2014). Will Bitcoin Survive? Kenyon College Allumni Bulletin .

Market and Prices. (2019, January 27). Retrieved from https://news.bitcoin.com: https://news.bitcoin.com/15-4-billion-of-new-cryptocurrency-value-was-created-during-2018/

Nakamoto, S. (2018). Bitcoin: A Peer-to-Peer Electronic Cash System. www.bitcoin.org .

Rizoo, P. (2015, July 14). Deloitte Trials Blockchain Tech for Client Auditing. Coin Desk .

Times, T. E. (2018, July 4). Are you a Bitcoin investor? Watch out for RBI's July 5 deadline . Retrieved from https:// economictimes. indiatimes.com:

https://economictimes.indiatimes.com/news/economy/policy/bitcoin-investors-watch-out-for-rbis-july-5-deadline/ articleshow/ 64840136.cms

White, L. (2013). I Am Nassim Taleb, author of Antifangile, AMA. Reddit .

Xinfinit Bita Terminal. (2019, January 27). Retrieved from https://terminal.xinfinit.com: https://terminal.xinfinit.com/ rest/ web/portal/Ws12_LPPu4t2pUG-LeggYSFy8k3P2Kt0/ page/ i5v NwwbRfVfTXmTku1NDFCFy8k3P2Kt0/s

Yahoo. (2018, October). Bitcoin USD (BTC-USD). Retrieved from https://finance.yahoo.com: https://finance.yahoo.com/quote/BTC-USD?p=BTC-USD

Downloads

Published

2021-08-30

How to Cite

Rahman, A. ., & Khan Dawood, A. (2021). Bitcoin and Future of Cryptocurrency. Ushus Journal of Business Management, 18(1), 61-66. https://doi.org/10.12725/ujbm.46.5