Bitcoin likely to be in Mainstream Finance
Trinley Paldon1, Nalini G.S.2
1Trinley Paldon, Assistant Professor, Department of Management Studies, K L University, Andhra Pradesh, India.
2Nalini G.S., Assistant Professor, Thiagarajar School of Management, Madurai, India.
Manuscript received on 17 April 2019 | Revised Manuscript received on 21 May 2019 | Manuscript published on 30 May 2019 | PP: 1282-1286 | Volume-8 Issue-1, May 2019 | Retrieval Number: A1013058119/19©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The present study have examined if Bitcoin is likely to be included in the mainstream finance. The data is collected from Coindesk for the sample period from 2010 to 2018 on which after transforming the data into quarterly data; returns were computed and dynamic forecasting method is applied with the help of Eviews. The data is shown not having statistical errors from the tests in particular Augmented Dickey Fuller test, Jarque-Bera Test, LM Test, and Root mean square root test. From the secondary data analysis, it is concluded that though the digital currency has lacked supports from various governments yet it’s been traded actively. The active trades are supported by the rising trends in its price. Bitcoin are seen accepted by technology backed firms in particular like PayPal, Apple, Facebook and Microsoft etc. it will further attract more financial technology firms to the region1. According to Aaron Higbee (2018) who has stated that since the Bitcoin in nature is built for security and liquidity purpose that is why trading Bitcoin will not be risky .
Keywords: Bitcoin; Dickey Fuller Test; Jarque-Bera Test, LM Test; Coindesk
Scope of the Article: Data Management