Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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Whether Cryptocurrency is a Tool of Investment?

Authors
Yiang Song1, †, *, Jiacheng Sun2, †, Siqi Zheng2, †, Weiye Zou3, †
1Beijing No.2 Middle School, Beijing, 100010, China
2Dulwich International High School, Suzhou, 215000, China
3Shen Wai International School, Shenzhen, 518000, China
†

These authors contributed equally

*Corresponding author. Email: p184@wanfeng.edu.bi
Corresponding Author
Yiang Song
Available Online 26 March 2022.
DOI
10.2991/aebmr.k.220307.229How to use a DOI?
Keywords
Cryptocurrency; Bitcoins; Investment; Statistical analysis
Abstract

In recent years, cryptocurrency is developing at a fast pace because of the big fluctuation in the prices of bitcoins. An increasing number of people decide to invest their assets into bitcoins or other types of cryptocurrencies. As a result, the idea of whether bitcoin is a good tool of investment has come out. This study describes, analyzes, and compares the different areas in bitcoins and finally draws a conclusion of bitcoins is tools of investment or not. Statistical measurements such as standard deviation, expected return, and skewness are adopted. The results are that bitcoins can bring a large amount of expected return, but also as well as a larger standard deviation, i.e., higher risks. Also, celebrities, such as Elon Musk, can have a huge impact on the market behavior of bitcoins, and it is easy for them to manipulate the market. The dramatic increase in trades of bitcoins encourages the development of other cryptocurrencies as well; for instance, dogecoins and SHIBA INU coins. This scenario leads to a mass of the market at a particular time so many governments attempted different policies to regulate the market. For example, China and the US are the two countries that held completely different views on cryptocurrency.

Copyright
© 2022 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 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
10.2991/aebmr.k.220307.229
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.229How to use a DOI?
Copyright
© 2022 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

risenwbib
TY  - CONF
AU  - Yiang Song
AU  - Jiacheng Sun
AU  - Siqi Zheng
AU  - Weiye Zou
PY  - 2022
DA  - 2022/03/26
TI  - Whether Cryptocurrency is a Tool of Investment?
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 1393
EP  - 1399
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.229
DO  - 10.2991/aebmr.k.220307.229
ID  - Song2022
ER  -