This week’s reading centered around Bitcoin Economics. A. Why are some businesses are accepting and other businesses are rejecting the use of Bitcoins as a standard form of currency? Compare and contrast this with other cryptocurrencies.
Your paper needs to identify two major companies that have adopted Bitcoin technology as well as one that has refused accepting Bitcoin as a form of currency. Be sure to discuss each organization, how they adopted (or why they won’t adopt) Bitcoin, and what recommendations you have for them to continue to support Bitcoin (or why they should support Bitcoin).
B. Take a position, either
1) cryptocurrency is a fad that will fade, or 2) cryptocurrency is a legitimate representation of wealth that will persist and grow. There are rigorous resources available on either side of the argument to lend credibility to your case. Regardless of your choice, clearly state 2-3 factors succinctly.
Your paper should meet the following requirements:
Alejandro Mario Hernandez. (2019). Blockchain security as a global disruption for bitcoin and other applications. Revista Abierta de Informática Aplicada, 3(2), 23–30.
Aparecido Maciel da Silva, W., Brasil Martins, N. C., de Andrade Miranda, I., Silva da Penha, R., & Reina, D. (2020). Cryptocurrencies and Finance: The Relationship between the Return of Bitcoin and the Main Digital Currencies. Brazilian Journal of Management / Revista de Administração Da UFSM, 13(2), 394–407. https://doi.org/10.5902/1983465930491
Pavlus, J. (2018). The World Bitcoin Created. Scientific American, 318(1), 32–37.
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