Cryptocurrency being used for global Trade

Iman Warachi

Co-Presenters: Individual Presentation

College: College of Business and Public Management

Major: BS.ECONOMICS

Faculty Research Mentor: Durmaz, Nazif  

Abstract:

In 2009. A young man by the name of Satoshi Nakamoto created crypto currency. A digital form of money that was created to decentralize and be independent from banks and the government. Many people thought of the idea as ridiculous. But now, digital currency is highly valued in the stock market. With the US government trying to make their own interpretation of it. But this just begs the question, how far will crypto currency go? Is it possible for it to go globally? The purpose of this study is to analyze the current state of crypto currency and predict whether there’s a possibility that it can be used as a means of exchange internationally. And for this research, I will be using models comparing the value of crypto currency over the years, especially during major economic changes, and compare the value of crypto currency between the U.S. and other major traders in the global market. The reason this study is important is because crypto currency is currently at its peak with many investors choosing to put their money into it. And with the U.S. government trying to take advantage of the population, it isn’t far off to assume that other well-off countries will not follow suit.Key words: Crypto currency, International, Global, Trade, Government