TITLE:
The Drivers of Economic Bubbles in Cryptocurrencies That Affect Its Long-Term Sustainability
AUTHORS:
Michael Brode
KEYWORDS:
Cryptocurrency, Sustainability, Economic Bubbles, ESG, Investor Sentiment, Pump and Dump Schemes, Bitcoin, Blockchain, Economic Policy
JOURNAL NAME:
Open Journal of Business and Management,
Vol.11 No.6,
November
14,
2023
ABSTRACT: Cryptocurrencies have emerged as a viable
alternative to traditional financial systems. However, the rapid rise of
cryptocurrencies has led to concerns and debates about the sustainable
characteristics of risky investments like cryptocurrencies. This research explores the drivers of economic bubbles in
the cryptocurrency market, potentially affecting their long-term
sustainability and implications. In the quantitative analysis, this research
employs time series analysis to analyze data
and identify patterns of historical cryptocurrency prices and trading
volume to explore the relationship between bubble indicators and sustainability
factors. The qualitative analysis reveals that most investors rely on social
media, newspapers, and other trusted businesses to gather information about the
cryptocurrencies they intend to invest in.