Proceedings of the 1st International Scientific Conference "Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth" (MTDE 2019)

Bitcoin financial bubbles: digitalization and modeling

Authors
L.I. Yuzvovich, N.Yu. Isakova, N.N. Mokeeva
Corresponding Author
L.I. Yuzvovich
Available Online May 2019.
DOI
10.2991/mtde-19.2019.12How to use a DOI?
Keywords
bitcoin, cryptocurrency, financial bubble, virtual currency
Abstract

The subject of scientific research is economic relations arising in the process of establishing the value of Bitcoin in the financial market. The hypothesis that the Bitcoin market is really subject to the formation of financial bubbles, and that the most significant of them was observed in 2017. The phenomenon of cryptocurrency has arisen quite recently and, therefore, at present there are very few empirical and theoretical studies related to this problem. It should be noted that the interest of the scientific community in digital money is growing every year. The digitization of the financial segment is a priority in the framework of Russia's economic growth. As part of the research, the Bitcoin market was analyzed. Several financial bubbles have been identified, and an econometric model of the behavior of the Bitcoin value in the digital virtual instruments market has also been compiled. The relevance and debatable nature of the theoretical and methodological foundations of cryptocurrency in different markets, the high practical significance of digital money in the modern economic system predetermined the goal and objectives, determined the choice of the object of study. Purpose of the study: bitcoin cost behavior modeling in the digital finance market based on time series. The methodological basis of the present study includes the methods of system-structural, functional, factor and comparative analysis with the construction of analytical models based on the synthesis of modern scientific methods of knowledge of economic and social phenomena. The methodological tools of scientific research are graphic, analytical, statistical and economic-mathematical methods of information processing.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 1st International Scientific Conference "Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth" (MTDE 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
May 2019
ISBN
10.2991/mtde-19.2019.12
ISSN
2352-5428
DOI
10.2991/mtde-19.2019.12How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - L.I. Yuzvovich
AU  - N.Yu. Isakova
AU  - N.N. Mokeeva
PY  - 2019/05
DA  - 2019/05
TI  - Bitcoin financial bubbles: digitalization and modeling
BT  - Proceedings of the 1st International Scientific Conference "Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth" (MTDE 2019)
PB  - Atlantis Press
SP  - 63
EP  - 68
SN  - 2352-5428
UR  - https://doi.org/10.2991/mtde-19.2019.12
DO  - 10.2991/mtde-19.2019.12
ID  - Yuzvovich2019/05
ER  -