16th Economics & Finance Conference, Prague

"THE MONTAGE OF ATTRACTIONS" IN CRYPTO ECOSYSTEM: FROM ZERO INTRINSIC VALUE TO A BUBBLE PRICE

OLGA D. KHON

Abstract:

The research is dedicated to the examination of cryptocurrencies' market price and money supply modelling in the crypto ecosystem. The study provides a model for a money supply construction under a proof-of-stake blockchain within consequential empirical tests. The call for financial regulation and measures in action was unveiled. Price bubbles and cryptocurrency volatility are also depicted on the edge of rising global inflation. Amid the discussion, the recent crypto scams revealed are applied – to trace blockchain purity against the shadow schemes and criminal use of the technology.

Keywords: Cryptocurrency; Blockchain; Proof-of-Stake; Ethereum; Bitcoin; MINA Blockchain