The future prospects of cryptocurrencies and their impact on financial markets

Authors

  • Ruiting Feng

DOI:

https://doi.org/10.54097/hbem.v17i.11020

Keywords:

Cryptocurrencies; future development; financial markets; technological advances; financial innovation.

Abstract

This article examines the future prospects of cryptocurrencies and their impact on financial markets. First, the article introduces the definition of cryptocurrencies. The article then analyses the future prospects for cryptocurrencies, including the impact of technological advances on cryptocurrencies, the growth trends in the cryptocurrency market, and their potential as alternative currencies. The article then examines the impact of cryptocurrencies on financial markets, including financial innovation and ecosystem change, market volatility and risk. Finally, the article summarises the future prospects for cryptocurrencies and the impact on financial markets, and highlights the importance of balancing regulatory compliance and innovation.

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References

Li Yajun. Cryptocurrency: A topic that national governance must face [J]. South China Journal, 2022(7):11-13

Wang Xueying, Zhang Xinmeng. Exploring the development path of digital currency based on the background of blockchain technology [J]. China Collective Economy,2022(33):80-82

Wang Bianfang, Wei Huimin. Analysis of the impact of digital currency on China's financial system [J]. Credit, 2021, 39(8):83-88.

Sun Xinglong. On the socio-economic effects and potential financial impact brought by cryptocurrencies [J]. Modern Information Technology,2018,2(8):117-119121

Che Danyang. The development and prospect of digital currency in the era of digital economy [J]. Financial Literature, 2021(9):0182-0184.

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Published

31-08-2023

How to Cite

Feng, R. (2023). The future prospects of cryptocurrencies and their impact on financial markets. Highlights in Business, Economics and Management, 17, 28-31. https://doi.org/10.54097/hbem.v17i.11020