From Hype to Reality: Exploring the Economic Impact of Cryptocurrency in the Archipelago

Authors

  • Firayani Universitas Islam Negeri Sulthan Thaha Saifuddin Jambi Author

DOI:

https://doi.org/10.62872/qyktjg69

Keywords:

Cryptocurrency, Economy, Regulation, Volatility, Innovation

Abstract

This article examines the economic impact of cryptocurrency in the archipelago, focusing on shifting perceptions from hype to reality. Through a qualitative approach, the study uses in-depth interviews and content analysis from social media platforms to explore the views of the public, investors, and stakeholders on cryptocurrency. The findings suggest that despite significant investment potential and innovation opportunities, challenges such as unclear regulation, market volatility, and security risks remain major barriers to widespread adoption of cryptocurrency in Indonesia. The article suggests the need for more comprehensive policies and public education to maximize the economic benefits of this technology and mitigate its risks.

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References

Böhme, R., Christin, N., Edelman, B., & Moore, T. (2015). "Bitcoin: Economics, technology, and governance." Journal of Economic Perspectives, 29(2), 213-238.

Catalini, C., & Gans, J. S. (2016). "Some Simple Economics of the Blockchain." NBER Working Paper No. 22952.

Creswell, J. W., & Poth, C. N. (2018). Qualitative Inquiry and Research Design: Choosing Among Five Approaches (4th ed.). SAGE Publications.

Nakamoto, S. (2008). "Bitcoin: A Peer-to-Peer Electronic Cash System.

Nowell, L. S., Norris, J. M., White, D. E., & Moules, N. J. (2017). "Thematic Analysis: Striving to Meet the Trustworthiness Criteria." International Journal of Qualitative Methods, 16(1), 1-13.

Yermack, D. (2017). "Corporate Governance and Blockchains." Review of Finance, 21(1), 7-31.

Yermack, D. (2017). "Corporate Governance and Blockchains." Review of Finance, 21(1), 7-31.

Zohar, A. (2015). "Bitcoin: Under the Hood." Communications of the ACM, 58(9), 104-113.

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Published

2024-03-30

How to Cite

From Hype to Reality: Exploring the Economic Impact of Cryptocurrency in the Archipelago. (2024). Nomico, 1(2), 30-32. https://doi.org/10.62872/qyktjg69

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