Fundamental Study of Cryptocurrencies

Abstract

This paper studies cryptocurrency. Firstly, this paper discusses the currency attribute of cryptocurrency. Secondly, this paper analyzes the advantages and disadvantages of cryptocurrency. Thirdly, this paper discusses the impact of cryptocurrency on the currency structure. Finally, this paper constructs the returns according to the daily price and statistically analyzes the yield difference of Bitcoin, Ethereum and Dogecoin. The ARIMA model is used to predict the return of cryptocurrency. This paper also gives the corresponding investment suggestions.