Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

Analysis of Bitcoin Development and Investment Value

Authors
Tianyu Li1, *, , Wanying Li2, , Siyi Li3,
1Hengshui NO.1 High School Hengshui City China International Department
2Chengdu Shishi High School Chengdu City China Cambridge International Department
3Anqing NO.2 High School Anqing City China

These authors contributed equally.

Corresponding Author
Tianyu Li
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.506How to use a DOI?
Keywords
Bitcoin; Mining; Bubble; Investment; Regulation
Abstract

Bitcoin started out as a cryptology group, and gradually gained the attention of an elite group of economists, programmers, and math enthusiasts outside of cryptography, eventually rising and falling as the price of Bitcoin skyrocketed, after the fermentation of the media has received widespread attention around the world. Therefore, this paper wants to conduct an overview about Bitcoin. Stages of mining, begins with an initial profit that was small and easy to come by, after decades of development, to a mine that cost more than $50,000 a piece and required a specific CPU, huge profits drove people to go crazy. In 2020, Bitcoin has increased by 300%, and as more and more economic entities accept Bitcoin as a means of payment in the future, the role and value of the virtual currency will increase, and the long-term upward trend in Bitcoin can be expected. However, the value of Bitcoin can not be determined. The value depends entirely on the trust of the market, while the vast majority of Bitcoin is in the hands of a very small number of people. And because of its scarcity, its value is extremely volatile. Moreover, Bitcoin regulation varies from country to country, from optimism to caution. China and some countries have banned the exchange of digital currency, especially legal tender and digital currency, the future of Bitcoin remains problematic.

Copyright
© 2021 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 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
10.2991/assehr.k.211209.506
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.506How to use a DOI?
Copyright
© 2021 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

TY  - CONF
AU  - Tianyu Li
AU  - Wanying Li
AU  - Siyi Li
PY  - 2021
DA  - 2021/12/15
TI  - Analysis of Bitcoin Development and Investment Value
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 3092
EP  - 3096
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.506
DO  - 10.2991/assehr.k.211209.506
ID  - Li2021
ER  -