Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

The Progress of Cryptocurrency Assets Investment from Financial Perspectives: Risks, Comparisons and Impacts

Authors
Yiheng Bian1, *, , Xi Lin2, , Yinhao Xiong3,
1Faculty of Art &Science, University of Toronto
2Faculty of Business, Hong Kong Chu Hai College of Higher Education
3School of Economics and Management, Beijing Forestry University

These authors contributed equally.

*Corresponding author. Email: yiheng.bian@mail.utoronto.ca
Corresponding Author
Yiheng Bian
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.006How to use a DOI?
Keywords
Cryptocurrencies; financial risks; blockchain
Abstract

Cryptocurrencies have become increasingly popular in recent years. As cryptocurrency prices have soared a lot since 2008, plenty of investors choose to invest in cryptocurrencies driven by speculative motives. With the development of cryptocurrencies, the feasibility to act as a medium of exchange them is also explored by some companies. Starting from cryptocurrencies’ current role as speculative products, this paper discusses the possible risks existing in the investment process and methods to prevent them. To explain their possibility of being the trading medium, we take Bitcoin, a widely held cryptocurrency, as the subject to compare it with other kinds of currencies, e.g., Dogecoin, Ethereum, Central Bank Digital Currency and traditional currencies. Among the greatest affecting affairs of virtual capital, we choose the cases of Tesla and Tencent to explain their impacts on our daily lives from the micro perspective. As for the macro perspective, we concentrate on its impacts on accounting methods and financial order development. This paper aims to enhance a comprehensive understanding of Bitcoin through multi-dimensional analysis, which sheds light on cryptocurrency and blockchain investing.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
10.2991/assehr.k.211209.006
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.006How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Yiheng Bian
AU  - Xi Lin
AU  - Yinhao Xiong
PY  - 2021
DA  - 2021/12/15
TI  - The Progress of Cryptocurrency Assets Investment from Financial Perspectives: Risks, Comparisons and Impacts
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 33
EP  - 38
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.006
DO  - 10.2991/assehr.k.211209.006
ID  - Bian2021
ER  -