Analysis of Bitcoin Development and Investment Value
These authors contributed equally.
- 10.2991/assehr.k.211209.506How to use a DOI?
- Bitcoin; Mining; Bubble; Investment; Regulation
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.
- © 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 -