Prospects of Bitcoin - An evaluation of its future
http://lup.lub.lu.se/student-papers/record/4462711/file/4462717.pdf
Abstract
"The main goal of this thesis is to investigate the properties and prospects of the new digital
currency, Bitcoin. How is it structured and is there a possibility of it having a substantial
impact on the financial sector or today’s monetary systems? Through macroeconomic theory,
financial models and academic writing we will explain the fundamentals of money, how the
Bitcoin network functions and in what ways it could be used in the future. The problems lie in
the many uncertainties that follow a completely decentralized currency including price
instability, lack of regulation and self-policing. Will it become an established, stable
currency? We believe not, but it could very well grow into being a useful complement to
today’s current financial sector and drive institutions towards becoming more efficient. As
this is a completely new phenomenon, many questions remain unanswered. However, what is
in store for Bitcoin, only time can tell"
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