Title

Exploring the Adoption and Impact of Bitcoin: A Comparative Analysis

Faculty Mentor

Mark Holmgren

Document Type

Poster

Start Date

10-5-2023 11:15 AM

End Date

10-5-2023 1:00 PM

Location

PUB NCR

Department

Economics

Abstract

Bitcoin, a decentralized digital currency, has gained significant attention recently as a potential alternative to traditional financial systems. This research project aims to explore the adoption and impact of Bitcoin by conducting a comparative analysis of its use in different countries and regions. The study will begin by examining the history and evolution of Bitcoin, its underlying technology, and its potential advantages and disadvantages compared to traditional financial systems. The project will then investigate Bitcoin’s adoption in different regions, including North America, Europe, Asia, and Africa by analyzing data from relevant sources such as surveys, news articles, and academic research.

Furthermore, the study will explore the factors influencing Bitcoin adoption in different regions, such as economic conditions, regulatory frameworks, and cultural attitudes. The research will also investigate the impact of Bitcoin on traditional financial systems, including its potential role in promoting financial inclusion and reducing transaction costs.

The project will utilize quantitative and qualitative research methods, including data analysis, surveys, and statements from Bitcoin users and industry experts. The research findings will contribute to the existing body of knowledge on Bitcoin and its potential impact on global financial systems. The study also aims to provide insights and recommendations for policymakers, industry professionals, and individuals interested in adopting or investing in Bitcoin.

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May 10th, 11:15 AM May 10th, 1:00 PM

Exploring the Adoption and Impact of Bitcoin: A Comparative Analysis

PUB NCR

Bitcoin, a decentralized digital currency, has gained significant attention recently as a potential alternative to traditional financial systems. This research project aims to explore the adoption and impact of Bitcoin by conducting a comparative analysis of its use in different countries and regions. The study will begin by examining the history and evolution of Bitcoin, its underlying technology, and its potential advantages and disadvantages compared to traditional financial systems. The project will then investigate Bitcoin’s adoption in different regions, including North America, Europe, Asia, and Africa by analyzing data from relevant sources such as surveys, news articles, and academic research.

Furthermore, the study will explore the factors influencing Bitcoin adoption in different regions, such as economic conditions, regulatory frameworks, and cultural attitudes. The research will also investigate the impact of Bitcoin on traditional financial systems, including its potential role in promoting financial inclusion and reducing transaction costs.

The project will utilize quantitative and qualitative research methods, including data analysis, surveys, and statements from Bitcoin users and industry experts. The research findings will contribute to the existing body of knowledge on Bitcoin and its potential impact on global financial systems. The study also aims to provide insights and recommendations for policymakers, industry professionals, and individuals interested in adopting or investing in Bitcoin.