RT Journal Article
T1 Intrinsic value in crypto currencies
A1 García Monleón, Fernando
A1 Danvila Del Valle, Ignacio
A1 Lara, Francisco
AB Over the last years, cryptocurrencies have acquired a growing social and economic interest. The most representative features of this new phenomenon are strong price increases and high volatility. The investigations developed in this field are not excessively numerous nor unanimous. Some researches consider this phenomenon to be a bubble, since they don't agree that the price pattern of the cryptocurrencies is justified or explained by their intrinsic value. The present article aims to provide a theoretical framework for the assessment of these new realities embodied by cryptocurrencies. We have created a model which differentiates two types of cryptocurrencies: the cryptocurrencies meant to fund a specific project, and the cryptocurrencies designed for general or non-specific uses. We will also make a distinction between block chain networks designed to work only with cryptocurrencies from those which admit other tasks. Our model establishes the difference between the value of the currency and that of the network. The result of this research is a theoretical valuation model based on three fundamental categories of cryptocurrencies by purpose or finality.
PB Elsevier
SN 0040-1625
YR 2021
FD 2021
LK https://hdl.handle.net/20.500.14352/95317
UL https://hdl.handle.net/20.500.14352/95317
LA eng
NO García Monleón, F.; Danvila del Valle, I.; Lara García, F.J. (2021). “Intrinsic value in crypto currencies.” Technological Forecasting & Social Change, vol. 162, pp. 1-9.
DS Docta Complutense
RD 17 abr 2025