2019•Unpublished venueRequires access

Analysis of Digital Currency Investment

Mei Sun, Yongchao Sun, Kejin Sun, Xuelian Tang, Chuanxiao Li

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Abstract

Digital currency has long been a hot and controversial topic in finance. Blockchain technology seems like having a promising application in finance, but there are both positive attitude and negative attitude towards digital currency. The meaning and status of digital currency are introduced in the paper. And the definition and characteristics of digital currency are given then. The investment of digital currency is analyzed according to the characteristics of digital currency. At last, based on the above analysis, this paper point out that the price of digital currency is higher than its value or its cost in 2017; digital currency is now not a safe-haven asset but a financial product with high risk and high income.

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What this paper is about

Digital currency has long been a hot and controversial topic in finance. Blockchain technology seems like having a promising application in finance, but there are both positive attitude and negative attitude towards digital currency. The meaning and status of digital currency are introduced in the paper. And the definition and characteristics of digital currency are given then. The investment of digital currency is analyzed according to the characteristics of digital currency. At last, based on the above analysis, this paper point out that the price of digital currency is higher than its value or its cost in 2017; digital currency is now not a safe-haven asset but a financial product with high risk and high income.

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OpenAlex reports 2 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

Digital currency has long been a hot and controversial topic in finance. Blockchain technology seems like having a promising application in finance, but there are both positive attitude and negative attitude towards digital currency. The meaning and status of digital currency are introduced in the paper. And the definition and characteristics of digital currency are given then. The investment of digital currency is analyzed according to the characteristics of digital currency. At last, based on the above analysis, this paper point out that the price of digital currency is higher than its value or its cost in 2017; digital currency is now not a safe-haven asset but a financial product with high risk and high income.

Key concepts: Currency, Digital currency, Foreign exchange risk, Virtual currency, Monetary economics, Business, Value (mathematics), Investment (military)

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