Date of Submission
Academic Programs and Concentrations
Economics and Finance
Project Advisor 1
Since the introduction of the first Cryptocurrency, Bitcoin, in 2008 there have been many an innumerable amount created. This begs the question, although they are labeled Cryptocurrencies, are they really currencies under the modern definition of Money? This paper will analyze the functions of cryptocurrencies concluding with the idea that currently Cryptocurrencies behave more like a Speculative Asset then an alternative form of money. That is not to say that in the future technologies like blockchain could not be utilized by Central Banks, rather there are to many variables control for at the moment to consider it an alternative to FIAT Currency.
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This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Baffuto, William T., "Cryptocurrencies: A Currency at all, or a Speculative Investment for the Future?" (2019). Senior Projects Spring 2019. 309.
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