Fintech and Cryptocurrency

5A Comprehensive Study of Cryptocurrencies as a Financial Asset: Major Topics and Market Trends

Gioia Arnone^1* and Ajantha Devi Vairamani²

¹Department of Managerial and Quantitative Studies, University of Naples Parthenope, Napoli, Italy

²AP3 Solutions, Chennai, TN, India

Abstract

The article comprises a set of theoretical and methodological approaches to studying the concept of “cryptocurrencies as a financial asset and market trends.” and identifies some trends of development of the real sector in the project financing market. This paper provides a systematic review of the empirical literature based on the major topics that have been associated with the market for cryptocurrencies since their development as a financial asset. It also presents an overview of the advantages of current trends in the market. Each influences the perception of the role of cryptocurrencies as a credible investment asset class and legitimate value. We posit that cryptocurrencies may perform some useful functions and add economic value, but there are reasons to favor the regulation of the market. While this would go against the original libertarian rationale behind cryptocurrencies, it appears a necessary step to improve social welfare.

Keywords: Cryptocurrency, financial assets, market trends

5.1 Introduction

Cryptocurrency forms of money have stood out from financial backers, controllers, and the media since Bitcoin was first proposed by Nakamoto (Nakamoto & Bitcoin, 2008). Digital forms of money ...