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Bitcoin

Medium of exchange or speculative assets?

Bibliographic Data

ID23316334
AuthorsDirk G Baur (0000-0002-0185-0424, corresponding author), KiHoon Hong (0000-0002-4881-4586, Hongik University), Adrian D Lee (0000-0001-5984-8688, University of Technology Sydney)
Year2018
Volume54
Pages177-189
Publication date2018-05-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of International Financial Markets, Institutions and Money (JOURNAL)
Journal identifiersISSN: 1042-4431 • E-ISSN: 1873-0612
PublisherElsevier BV (PUBLISHER)
DOI10.1016/j.intfin.2017.12.004
OpenAlexW2785114503
LanguageEN
Citations received56
References cited20

Asset (computer security) · Cryptocurrency · Currency · Database transaction · Digital currency · Economics · Fiat money · Financial economics · Financial transaction · Medium of exchange · Monetary economics · Monetary policy · Payment · Store of value · Unit of account · Value (mathematics) · Banking stability, regulation, efficiency · Blockchain Technology Applications and Security · Computer Science · Economic theories and models · Finance

  • Cryptocurrency

    Open Access•Ingolf G A Pernice, Brett Scott•Internet Policy Review•2021

  • Digital assets in accounting

    Open Access•Іван Дерун, Hanna Mysaka•Economic Annals-ХХI•2022

  • Consciência jurídica, confiança e Bitcoin

    Open Access•Marcelo De Castro Cunha Filho•Revista Direito Estado e Sociedade•2020

  • Cryptocurrencies, Monetary Policy, and New Forms of Monetary Sovereignty

    Marco Fama, A Fumagalli et al.•International Journal of…•2019

  • Central bank digital currencies

    Open Access•Z Wang, Zhan-ao Wang et al.•Technological Forecasting and…•2023

  • Is Bitcoin a currency, a technology-based product, or something else

    Open Access•Reilly S White, Reilly White et al.•Technological Forecasting and…•2020

  • Diversification in the age of the 4th industrial revolution

    Open Access•Toan Luu Duc Huynh, Erik Hille et al.•Technological Forecasting and…•2020

  • Generational reconfiguration. Unveiling hidden fault lines in socio-cultural dynamics

    Open Access•Anna Warchlewska•Journal of Consumer Culture•2026

  • Assessing Beliefs About Cryptocurrencies

    Open Access•Mirko Duradoni, Elena Serritella et al.•Human Behavior and Emerging…•2025

  • Cryptocurrencies as a financial asset

    Open Access•Shaen Corbet, Brian M Lucey et al.•International Review of Financial…•2018

  • Global drivers of cryptocurrency infrastructure adoption

    Open Access•Ed Saiedi, Anders Broström et al.•Small Business Economics•2020

  • Greening crypto portfolios

    Open Access•Wei Kuang•Humanities and Social Sciences…•2025

  • Economic Policy Uncertainty in China and Bitcoin Returns

    Open Access•Tiejun Chen, Chi Keung Marco Lau et al.•Frontiers in Public Health•2021

  • Traceability

    Open Access•Nanna Bonde Thylstrup, Matthew Archer et al.•Internet Policy Review•2022

  • Analysis of the Relationship Between Bitcoin and the Futures Market

    Open Access•Ethem KILIÇ•Gaziantep University Journal of…•2022

  • Exploring sectoral diversity in the timing of organizational blockchain adoption

    Open Access•Cigdem Turhan, İbrahim Akman•Information Technology and People•2022

  • The hedge asset for BRICS stock markets

    Open Access•Syed Jawad Hussain Shahzad, Elie Bouri et al.•World Economy•2022

  • Covid-19 and the volatility interlinkage between bitcoin and financial assets

    Open Access•Aktham Maghyereh, Hussein Abdoh•Empirical Economics•2022

  • The volatility of Bitcoin and its role as a medium of exchange and a store of value

    Open Access•Dirk G Baur, Thomas Dimpfl•Empirical Economics•2021

  • Generalized visible curvature

    Open Access•Qun Zhang, Zhang Qun et al.•Decision Support Systems•2024

  • A place next to Satoshi

    Open Access•Lennart Ante•Scientometrics•2020

  • Bitcoin trade volume in decentralized markets

    Open Access•Gabriel A Giménez Roche, Antoine Noël et al.•Technological Forecasting and…•2025

  • A preliminary assessment of the performance of DeFi cryptocurrencies in relation to other financial assets, volatility, and user-generated content

    Open Access•Juan Pineiro-Chousa, M Ángeles López-Cabarcos et al.•Technological Forecasting and…•2022

  • Implications of cryptocurrency energy usage on climate change

    Open Access•Dongna Zhang, Xihui Haviour Chen et al.•Technological Forecasting and…•2023

  • Cryptocurrency return predictability

    Open Access•Ephraim Clark, Amine Lahiani et al.•Technological Forecasting and…•2023

  • What factors drive returns on initial coin offerings

    Open Access•Ribeiro-Soriano Domingo, Juan Pineiro-Chousa et al.•Technological Forecasting and…•2020

  • Bitcoin

    Open Access•Jingping Li, Jing-Ping Li et al.•Technological Forecasting and…•2021

  • Dance with the devil? The nexus of fourth industrial revolution, technological financial products and volatility spillovers in global financial system

    Open Access•Muhammad Umar, Syed Kumail Abbas Rizvi et al.•Technological Forecasting and…•2021

  • Impacts of short and long-term between cryptocurrencies and stock exchange indexes

    Open Access•Valter De Senna, Angelita Matos Souza•Quality & Quantity•2023

  • An ethical defense of cryptocurrencies

    Open Access•Philipp Bagus, Luis P de la Horra•Business Ethics, the Environment…•2021

  • Bubbles in Bitcoin and Ethereum

    Open Access•M’bakob Gilles Brice•Sustainable Futures•2024

  • The effects of hacking events on bitcoin

    Open Access•Huy Pham, Binh Nguyen Thanh et al.•Journal of Public Affairs•2021

  • Bitcoin as a digital commodity

    Open Access•Tomás N Rotta, Edemilson Paraná•New Political Economy•2022

  • Examining the Writings of Satoshi Nakamoto

    Christophe Depoortère•Review of Political Economy•2024

  • Cryptocurrency

    Open Access•Bill Dunn•Forum for Social Economics•2024

  • The promises and pitfalls of cryptocurrencies and blockchain for marginalized communities

    Open Access•Densua Mumford, Michael Sampson et al.•Information Communication & Society•2025

  • Developing a digital currency adoption scale

    Open Access•Abhinandan Kulal, M Riha Parvin et al.•Sustainable Futures•2024

  • Gold-backed cryptocurrencies in cryptocurrency portfolios

    Open Access•Aktham Maghyereh, Mohammad Al-Shboul et al.•Oeconomia Copernicana•2025

  • Dynamique des prix du bitcoin et hyperdéflation

    Alexandre Sokic•Revue économique•2020

  • Can Bitcoin Be an Inflation Hedge? Evidence from a Quantile-on-Quantile Model

    Roman Matkovskyy, Akanksha Jalan•Revue économique•2021

  • The Concept of Wealth ( māl ) in the Sharīʿah and Its Relation to Digital Assets

    Open Access•Muhammad Ikhlas Rosele, Abdul Muneem et al.•SAGE Open•2022

  • An Investigation of Fiat Characterization and Evolutionary Dynamics of the Cryptocurrency Market

    Open Access•Cem Cagri Donmez, Cem Çağrı Dönmez et al.•SAGE Open•2021

  • Cryptocurrencies as a Speculative Asset

    Open Access•Tayyaba Ahsan, Krystian Zawadzki et al.•SAGE Open•2024

  • Noise trader impact

    Open Access•Takeshi Inuduka, Akihito Yokose et al.•Social Network Analysis and Mining•2024

  • Are cryptocurrencies a future safe haven for investors? The case of Bitcoin

    Open Access•Audil Rashid, Audil Rashid Khaki et al.•Economic Research-Ekonomska…•2023

  • Between money and speculative asset

    Open Access•Alessandro Cascavilla•Journal of Economic Psychology•2024

  • Fictitious money

    Open Access•Catherine Comyn•New Political Economy•2026

  • Philosophy, politics, and economics of cryptocurrency I

    Open Access•A M Bailey, Bradley Rettler et al.•Philosophy Compass•2021

  • Transformation of investor attitude towards financial markets

    Open Access•Emon Kalyan Chowdhury, Umme Humaira•International Social Science…•2024

  • Can Bitcoin Glitter More Than Gold for Investment Styles

    Open Access•M A Naeem, Mudassar Hasan et al.•SAGE Open•2020

  • Crypto dad and the primal horde

    Open Access•Kate Maclean•Journal of Gender Studies•2025

  • Do Bubbles in the Bitcoin Market Impact Stock Markets? Evidence From 10 Major Stock Markets

    Open Access•Eray Gemici, Muslum Polat et al.•SAGE Open•2023

  • Making Informed Decisions in the Volatile Crypto Market

    Open Access•Artor Nuhiu, Florin Aliu et al.•SAGE Open•2023

  • Past, Present and Future of FinTech Research

    Open Access•Ishtiaq Ahmad Bajwa, Shafiq Ur Rehman et al.•SAGE Open•2022

  • Asymmetry in Hedges, Safe Havens, Flights and Contagion

    Open Access•Meng-Shiuh Chang, Meng-Wei Chen et al.•SAGE Open•2023

  • Does Bitcoin Hedge Categorical Economic Uncertainty? A Quantile Analysis

    Open Access•Khaled Mokni, Elie Bouri et al.•SAGE Open•2021

  • Market Liquidity and Funding Liquidity

    Markus K Brunnermeier, Leif Hemming Pedersen et al.•Review of Financial Studies•2009

  • Speculative bubbles in Bitcoin markets? An empirical investigation into the fundamental value of Bitcoin

    Open Access•Jeremy Eng-Tuck Cheah, Eng-Tuck Cheah et al.•Economics Letters•2015

  • Gresham's Law or Gresham's Fallacy

    Arthur J Rolnick, Warren E Weber•Journal of Political Economy•1986

Unique citing works56
Citations per year7
Citation span2018 - 2026 (9)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 49

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