A Comprehensive Study of Cryptocurrencies as a Financial Asset: Major Topics and Market Trends

The article comprises a set of theoretical and methodological approaches to studying the concept of “cryptocurrencies as a financial asset and market trends.” and identifies some trends of development of the real sector in the project financing market. This paper provides a systematic review of the empirical literature based on the major topics that have been associated with the market for cryptocurrencies since their development as a financial asset. It also presents an overview of the advantages of current trends in the market. Each influences the perception of the role of cryptocurrencies as a credible investment asset class and legitimate value. We posit that cryptocurrencies may perform some useful functions and add economic value, but there are reasons to favor the regulation of the market. While this would go against the original libertarian rationale behind cryptocurrencies, it appears a necessary step to improve social welfare.