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| Cryptocurrency essays | We explore the literature in wider detail in later sections but highlight the common ground between the three in terms of volatility and stability. It means that Bitcoin does appreciate in the long run when used for more non-exchange transactions while in the short run the price boosts the exchange-based transactions. Inform Commun Technol Law 21 3 � Who Is Satoshi Nakamoto? Yermack D Is Bitcoin a real currency? Bitcoin can be balanced out between being a medium of exchange and a speculative instrument depending upon the risk-holding capacity of users Luther and White |
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| Cryptocurrency essays | The existing literature also highlights the inefficiency aspect of Bitcoin. They document that the word of mouth and expanding Bitcoin user base are significant influent on the existence of a pricing bubble. A higher disagreement among the public reflected in the comments leads to a higher exchange trading volume. Columbia Science and Technology Law Review. A recent study by Chen et al. They find a similarity between Bitcoin and gold and other precious metals in terms of response to market shocks: both have an asymmetric response. |
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