Factors Shaping the Demand for the Virtual Currency Bitcoin Cover Image

Czynniki kształtujące popyt na pieniądz wirtualny na przykładzie bitcoina
Factors Shaping the Demand for the Virtual Currency Bitcoin

Author(s): Robert Poskart
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie
Keywords: virtual economy; virtual currency; classic money; demand for money

Summary/Abstract: The article describes factors at work behind the creation of the virtual currency Bitcoin, which came about as a result of opposition to the modern monetary system and growing distrust for modern central banks and governments. The purpose of this article is to characterise the factors shaping the demand for Bitcoin. It attempts to answer the question of whether and to what extent they differ from factors presented in the classic Keynesian theory of „real” money represented widely in the literature.

  • Issue Year: 938/2015
  • Issue No: 02
  • Page Range: 59-69
  • Page Count: 11