| Popis: |
Today, most people have heard of Bitcoin, but few have truly understood the concept and its functions. The phenomenon causes strong emotions and the opinions are divided. Some think that Bitcoin will revolutionize the financial system, while others lean towards the possibility that it is merely a short-lived trend. The aim of this report is to analyze if Bitcoin has the qualities required of a substitute for the domestic currency. The study is based on money’s necessary functions and the variables that cause an individual to go as far as abandoning their domestic currency. Even though Bitcoin is a functioning alternative, an analytic comparison with the American dollar showed that bitcoin cannot yet compete with the qualities of dollars, much due to the lack of expansion. The report indicates that in the long run Bitcoin’s characteristics can develop today’s monetary system and create considerable changes in the future. Validerat; 20160707 (global_studentproject_submitter) |
