Is Bitcoin a currency, a technology-based product, or something else?
dc.contributor.author | Islam, N | |
dc.contributor.author | White, R | |
dc.contributor.author | Marinakis, Y | |
dc.contributor.author | Walsh, S | |
dc.date.accessioned | 2019-12-11T11:49:20Z | |
dc.date.issued | 2019-12-25 | |
dc.description.abstract | Cryptocurrencies such as Bitcoin have fascinated technologists and investors alike. They have become prevalent, with over 2,000 Bitcoin-like cryptocurrencies now in use. Most jurisdictions have not regulated cryptocurrencies. Whether existing regulations apply to cryptocurrency turns ultimately on if we classify cryptocurrencies as currencies, securities, or derivatives, or a money services (transfer) vehicle. In this set of exploratory analyses we seek to classify Bitcoin. We utilize a variety of methods to compare aspects of its behavior to: currencies, asset classes such as derivatives, technology-based products and possible technology-based products such as Ether and the security SPY, and speculative financial bubbles. We find that Bitcoin's behavior more closely resembles a technology-based product, an emerging asset class, or a bubble event, rather than a currency or a security; such that it is correct that existing currency and security laws should not apply to cryptocurrencies. | en_GB |
dc.identifier.citation | Vol. 151, article 119877 | |
dc.identifier.doi | 10.1016/j.techfore.2019.119877 | |
dc.identifier.uri | http://hdl.handle.net/10871/40068 | |
dc.language.iso | en | en_GB |
dc.publisher | Elsevier | en_GB |
dc.rights.embargoreason | Under embargo until 25 June 2021 in compliance with publisher policy | en_GB |
dc.rights | © 2019. This version is made available under the CC-BY-NC-ND 4.0 license: https://creativecommons.org/licenses/by-nc-nd/4.0/ | |
dc.subject | Cryptocurrency | en_GB |
dc.subject | Bitcoin | en_GB |
dc.subject | Investment | en_GB |
dc.subject | Technology diffusion | en_GB |
dc.subject | Technology entrepreneurship | en_GB |
dc.subject | Finance and Banking | en_GB |
dc.title | Is Bitcoin a currency, a technology-based product, or something else? | en_GB |
dc.type | Article | en_GB |
dc.date.available | 2019-12-11T11:49:20Z | |
dc.identifier.issn | 0040-1625 | |
dc.description | This is the author accepted manuscript . The finla version is available from Elsevier via the DOI in this record | en_GB |
dc.identifier.journal | Technological Forecasting & Social Change | en_GB |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | en_GB |
dcterms.dateAccepted | 2019-12-09 | |
rioxxterms.version | AM | en_GB |
rioxxterms.licenseref.startdate | 2019-12-09 | |
rioxxterms.type | Journal Article/Review | en_GB |
refterms.dateFCD | 2019-12-10T18:46:16Z | |
refterms.versionFCD | AM | |
refterms.panel | C | en_GB |
Files in this item
This item appears in the following Collection(s)
Except where otherwise noted, this item's licence is described as © 2019. This version is made available under the CC-BY-NC-ND 4.0 license: https://creativecommons.org/licenses/by-nc-nd/4.0/