Finance and Financial Management Commons^™

Cryptocurrencies: Myth Vs. Reality, Sarina Baldoni

Shared Knowledge Conference

Valuing the market of cryptocurrencies has raised both excitement and fear in popular discussion, with concerns about its legitimacy heatedly debated across the financial world. The cryptocurrency market has grown to 2,042 separate currencies, and despite rampant speculation about the future, current research provides little insight to a market approaching $217 billion in market capitalization. The purpose of this research is to examine how the 67 largest cryptocurrencies by market capitalization respond to events, determine if cryptocurrencies behave individually or as a collective asset class, and what factors influence cryptocurrency valuation. On January 16, 2018, the price of Bitcoin fell …