Cryptocurrencies: a theorical and financial analysis

Treball Final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs acadèmic: 2018/2019 Cryptocurrencies represent an alternative and modern pay mode, through new technologies. Although cryptocurrencies were used before the Great Recession of 2008, this fact achieved the development and international boom of cryptocurrencies, especially Bitcoin. The objective of this paper is to analyze cryptocurrencies, on one hand from a theoretical view (explaining history, functioning, legislation and economic effects), and on the other hand from a practical view, showing the price index between the main cryptocurrencies and other currencies, with the objective of showing the effect of cryptocurrencies, trying to find out if they suppose an investment and an alternative payment, or cryptocurrencies, or they are just unstable and at risk of become an economic "bubble". Finally, in the conclusion of this paper the potential that cryptocurrencies could have in the future will be explained.