Economics unchained: Investigating the role of cryptocurrency, blockchain and intricacies of Bitcoin price fluctuations

TL;DR

This paper provides a comprehensive economic analysis of Bitcoin, examining its dynamics, impact on traditional finance, and potential to reshape global financial systems through statistical and analytical methods.

Contribution

It offers a detailed exploration of Bitcoin's economic principles, market behavior, and implications for financial inclusion and policy, advancing understanding of its transformative role.

Findings

Bitcoin's transaction volume and market cap are growing rapidly.

Mining activities influence Bitcoin's price fluctuations.

Bitcoin has significant implications for traditional financial systems.

Abstract

This research paper presents a thorough economic analysis of Bitcoin and its impact. We delve into fundamental principles, and technological evolution into a prominent decentralized digital currency. Analysing Bitcoin's economic dynamics, we explore aspects such as transaction volume, market capitalization, mining activities, and macro trends. Moreover, we investigate Bitcoin's role in economy ecosystem, considering its implications on traditional financial systems, monetary policies, and financial inclusivity. We utilize statistical and analytical tools to assess equilibrium , market behaviour, and economic . Insights from this analysis provide a comprehensive understanding of Bitcoin's economic significance and its transformative potential in shaping the future of global finance. This research contributes to informed decision-making for individuals, institutions, and policymakers navigating the evolving landscape of decentralized finance.