Bitcoin is a major virtual currency. Using weekly data over the 2010-2013 period, we analyze a Bitcoin investment from …, hard currencies) and alternative investments (commodities, hedge funds, real estate). Bitcoin investment has highly … low. Spanning tests confirm that Bitcoin investment offers significant diversification benefits. We show that the …

This paper provides the necessary technical background to understand basic Bitcoin operations and documents a set of … empirical regularities related to Bitcoin usage. We present the micro-structure of the Bitcoin transaction process and highlight … gambling service using Bitcoin as the method of payment. Our analysis suggests that less than 50 percent of all bitcoins in …

Bitcoin is a new kind of money, which means a digital currency which can be used for commercial purposes. Over time … used through the internet network. Bitcoin promises to its users getting high returns under conditions of low risk arising … from transactions carried out instantly, without intermediary bank and almost no fees. At this moment, Bitcoin is still an …

platforms. Bitcoin or BTC is known as a digital coin, issued for the first time in 2009 and based on a peer to peer system. The … associated with criminal financing activities. However, the legal status of Bitcoin is present in many European countries like …

. Knowledge and understanding of saving and investment concepts is particularly low in many countries. In addition, there are …

uncertainty, and investor experience, were positively correlated with riskiness of the individuals' self-reported investment … portfolio. Causal modelling confirmed that investment risk tolerance predicts actual risk in the investor's portfolio; which … reactions, which together with risk tolerance predicted self-reported changes in investment strategy. In sum, investors …

of the investments. The departure point is represented by the enlargement of the sphere of content of the investment …