The Progress of Cryptocurrency Assets Investment from Financial Perspectives: Risks, Comparisons and Impacts
These authors contributed equally.
- 10.2991/assehr.k.211209.006How to use a DOI?
- Cryptocurrencies; financial risks; blockchain
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.
- © 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 -