THE EFFECT OF BITCOIN ON THE GLOBAL ECONOMY IN THE CONTEXT OF THE EVOLUTION OF CONCEPTS RELATED TO DIGITAL DEVELOPMENT

  • Bilal Jibai Notre Dame University, Beirut
  • Ahmad Nassour Lebanese International University, Beirut
Keywords: bitcoin, investment, financial market, pandemic

Abstract

This study intends to sort out what will be the normal choices of the customary financial frameworks and how the world economy will draw in and manage those normal other options. Since technological improvement is profoundly quick and momentous, it is imperative to comprehend the discernments, practices, correspondence, and the possibility of selection of those other options. Advanced monetary standards and cryptographic forms of money are non-customary financial monetary forms that depend on something referred to as blockchain innovation. There is an excessive number of advanced digital forms of money these days, all of them having their own attributes and specificities. A portion of those advanced digital currencies will be studied in this research. It is imperative to mention here that only one out of every odd nation acknowledges the progress in this area, and  such nations arrangement are often influenced by their World Bank rank — low, lower-middle, upper-middle, and high-income countries. More, this research looks at the social side of bitcoin and blockchain development in these nations. Bitcoin is tremendously influencing the economy overall. That’s why it quickly became of interest for many financially trained professionals and academicians. Unfortunately, this type of money has been increasingly used for criminal activities too. This research discusses all these sides as well as the important impacts bitcoin has on the population.

Author Biographies

Bilal Jibai, Notre Dame University, Beirut

Ph.D., Assistant Professor

Department of Management & Marketing, Faculty of Business Administration and Economics, Notre Dame University, Beirut, Lebanon  

Research interests: financial market, banking, bank marketing, customer behavior

Ahmad Nassour, Lebanese International University, Beirut

MBA student , Lebanese International University, Lebanon

Research interests: finance, digitalization, digital money

Published
2021-09-30
How to Cite
Jibai, B., & Nassour, A. (2021). THE EFFECT OF BITCOIN ON THE GLOBAL ECONOMY IN THE CONTEXT OF THE EVOLUTION OF CONCEPTS RELATED TO DIGITAL DEVELOPMENT. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (5(30), 7-15. https://doi.org/10.35678/2539-5645.5(30).2021.7-15