Cryptocurrencies as a Financial Asset: A Systematic Analysis

Abstract

This paper provides a systematic review of the empirical literature based on the major topics that have been associated with the market for cryptocurrencies since their development
\nas a financial asset in 2009. Despite astonishing price appreciation in recent years, cryptocurrencies have been subjected to accusations of pricing bubbles central to the trilemma
\nthat exists between regulatory oversight, the potential for illicit use through its anonymity
\nwithin a young under-developed exchange system, and infrastructural breaches influenced
\nby the growth of cybercriminality. Each influence the perception of the role of cryptocurrencies as a credible investment asset class and legitimate of value.