ABSTRACT
TABLE OF CONTENTS
LIST OF TABLES
LIST OF FIGURES
CHAPTER 1. INTRODUCTION
- 1.1 TERMINOLOGY
- 1.2 RESEARCH BACKGROUND
- 1.3 PURPOSE OF STUDIES
- 1.4 RESEARCH QUESTIONS
- 1.5 PAPER OUTLINE
CHAPTER 2. LITERATURE REVIEW
CHAPTER 3. DATA AND METHODS
- 3.1 VOLATILITY INDEX
- 3.2 COVARIANCE AND CORRELATION
- 3.3 BITCOIN FUND DATA
- 3.4 BITCOIN OWNERSHIP AND MERCHANT ADOPTION
- 3.5 VISANET
- 3.6 OTHER INDUSTRY USE CASES
- 3.7 BITCOIN STATISTICS
- 3.8 ELECTRICITY CONSUMPTION
- 3.9 HARDWARE EVOLUTION
CHAPTER 4. RESULTS AND DISCUSSION 46
- 4.1 BITCOIN IS A HIGHLY SPECULATIVE ASSET
- 4.2 BITCOIN IS NOT READY AS A STABLE CURRENCY
- 4.3 SCALABILITY IS THE OBSTACLE TO WIDE ADOPTION OF BITCOIN AS METHOD OF PAYMENT
- 4.4 BITCOIN’S ELECTRICITY CONSUMPTION CAN BE JUSTIFIED
- 4.5 BITCOIN MINING IS ELECTRICITY BUYER OF LAST RESORT
- 4.6 BITCOIN IS DRIVING INNOVATION INITIATIVES
CHAPTER 5. CONCLUSION
CHAPTER 6. FUTURE STUDIES
REFERENCES