Cryptocurrency – the Future of Currency?

Abstract

This article explores cryptocurrencies and poses the research question, whether cryptocurrencies are the future of the currency market. The cryptocurrency market has undergone considerable growth, however given recent scandals of cryptocurrency markets and cryptocurrencies have led to increasing calls for regulation. Due to the fact of ultra-volatile cryptocurrency markets cryptocurrencies are assets, which are also assessed as gambling and extremely risky to the overall macroeconomic market stability instead of serving as a medium of exchange for goods and services in an economy. Cryptocurrency currently do not provides a standardized unit of value that allows people to conduct transactions without the need for bartering or exchanging goods directly. It is not without surprise that real digital currencies are developed by regulator cbdc, which are the future of currency.