CRYPTOCURRENCIES PERSPECTIVES AND CHALLENGES IN THE GLOBAL MARKET

Abstract

The purpose of this paper is to analyze the perspectives and challenges of cryptocurrencies in Georgian and the global market. As the cryptocurrencies has emerged as the most successful cryptographic currency in history it enables us to conduct an insightful analysis of its properties and future stability. In this article we provide the results of the survey that clearly demonstrates how the part of the Georgian population perceive cryptocurrencies. Cryptocurrencies are a new class of investible instruments, but besides this fact they can provide an interesting benchmark as they are effectively unregulated. In order to analyze how do cryptocurrencies perform in the long term, we have compared them to some other well-established assets. We analyzed the performance of representatives from 3 asset categories over the last 10 years. Cryptocurrencies have brought various benefits to its users such as decentralization via blockchain technology, giving power and control over finances to its users and cutting out intermediaries.