BUSINESS INFORM №8-2018

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Section: Finance, Money Circulation and Credit
UDC 004.9+004.75+339.7+336.74+519.6
Shirinyan L. V., Rohanova H. O.
The Features of Functioning of Cryptocurrency «Bitcoin» (p. 145 - 152)
The features of functioning of the innovative currency «bitcoin» in different world countries, methods of its extraction and storage are researched. The possibility of using bitcoin by Ukrainian consumers of services is considered. Advantages and disadvantages of its use in comparison with fiat money are identified. The possibility of outflow of fiat money from the real sector of economy into the shadow sector due to interaction and exchange of fiat money for non-fiat money is substantiated. The dynamics of value of bitcoin and capitalization of the market by years in the timespan of 2015–2018 are disclosed. The value of bitcoin is predicted using the polynomial function of the fifth order trend. The forecast value of the value of bitcoin as to September 2018 is received at the level of 7528–8285 USD.
Keywords: cryptocurrency, bitcoin, blockchain, exchange, fiat money, trend, bitcoin value.
Fig.: 4. Tabl.: 2. Formulae: 1. Bibl.: 15.

Shirinyan Lada V. – Doctor of Sciences (Economics), Associate Professor, Head of the Department, Department of Finance, Educational and Scientific Institute of Economics and Management of the National University of Food Technologies (68 Volodymyrska Str., Kyiv, 01601, Ukraine)
Email: [email protected]
Rohanova Hanna O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance, National University of Food Technologies (68 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Shirinyan, Lada V., and Rohanova, Hanna O. (2018) “The Features of Functioning of Cryptocurrency «Bitcoin».” Business Inform 8:145–152.

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