2026-06-02T18:21:33Zhttps://docta.ucm.es/rest/oai/requestoai:docta.ucm.es:20.500.14352/953172025-08-28T14:44:37Zcom_20.500.14352_14col_20.500.14352_15
Docta Complutense
author
García Monleón, Fernando
author
Danvila Del Valle, Ignacio
author
Lara, Francisco
2024-01-25T10:10:19Z
2024-01-25T10:10:19Z
2021
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.
0040-1625
10.1016/j.techfore.2020.120393
https://hdl.handle.net/20.500.14352/95317
https://doi.org/10.1016/j.techfore.2020.120393
https://www.sciencedirect.com/journal/technological-forecasting-and-social-change
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.
eng
Intrinsic value in crypto currencies
journal article
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URL
https://docta.ucm.es/bitstreams/d8e74d52-daef-488f-971b-9b3b22960ac9/download
File
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application/pdf
Intrinsic_value_in_crypto_currencies.pdf
URL
https://docta.ucm.es/bitstreams/9184ba73-fff4-4e34-8dbd-118559521f30/download
File
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text/plain
Intrinsic_value_in_crypto_currencies.pdf.txt