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dc.creatorGómez-González, José Eduardo
dc.creatorParra-Polanía, Julián Andrés
dc.description.abstractIn the present paper we remark that the absence of an intrinsic or fundamental value represents a problem for the stability of the bitcoin’s price as an asset. In addition, we consider some financial stability concerns that derive from the hypothesis that
dc.publisherBanco de la República
dc.relation.ispartofDocumentos de Trabajo
dc.relation.ispartofseriesBorradores de Economía
dc.relation.isversionofBorradores de Economía; No. 819
dc.rights.accessRightsOpen Access
dc.titleBitcoin : something seems to be "fundamentally" wrong
dc.typeWorking Paper
dc.subject.jelE42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
dc.subject.jelG23 - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
dc.subject.jelG12 - Asset Pricing; Trading Volume; Bond Interest Rates
dc.subject.keywordFundamental value
dc.subject.keywordFinancial stability
dc.subject.lembBitcoin (Moneda electrónica) -- Precios
dc.subject.lembMoneda -- Innovaciones tecnólogicas
dc.type.spaDocumentos de trabajo
dc.rights.spaAcceso abierto
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.subject.jelspaG12 - Valoración de activos financieros; Volumen de comercio; Tasas de interés de bonos
dc.subject.jelspaG23 - Instituciones financieras (excepto bancos); Instrumentos financieros; Inversores institucionales
dc.subject.jelspaE42 - Sistemas monetarios; Patrones; Regímenes; Gobierno y sistema monetario; Sistemas de pago
dc.type.hasversionPublished Version
dc.rights.disclaimerLas opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
dc.creator.firmaJulian A. Parra-Polania

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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit