THE FUTURE OF DIGITAL CURRENCY

Abstract

The Covid-19 crisis, or even the restrictions, quarantines, and lifestyle changes that it brought, occurred in the year 2020. Economic statistics mentioned the effects of the crisis. Stock exchanges around the world, for example, have experienced substantial collapses, leading in a drop in the value of various individuals' assets. During the Covid-19 crisis, this master's study attempts to understand the utility of cryptocurrencies for hedging and safe haven objectives. It's difficult to make consistent conclusions about the suitability of cryptocurrencies for hedging against financial market risks based on existing research. Previous results have varied greatly based on the model utilized, the time period, and the asset risk hedged. Usability for hedging purposes varies in general. In this study, we wrote an article based on the most popular cryptocurrencies in the world and their development mechanisms, history and other facts. The article also discusses the role and importance of cryptocurrencies as a means of payment in the future. Keywords: cryptocurrency, covid-19 crisis, bitcoin, ethereum, blockchain technology