Zhodnocení budoucnosti Bitcoinu a jiných kryptoměn

Abstract

The aim of this work is to find out whether cryptocurrencies, mostly Bitcoin, have a chance to replace the payment system. Next to Bitcoin there are also other cryptocurrencies chosen in this work for example Ethereum and Litecoin. To find out the answer not only methods of analysis, synthesis and descriptive geometry are used but also more specific statistic methods. It's about calculations which are used to recognise and find out positional, variable and dependent characteristics. After chapters which contain significant characteristic of money and cryptocurrencies the final empirical part is about a question whether cryptocurrencies fulfill three basic functions of traditional currencies. Cryptocurrencies predominantly fulfill the first function, so called means of exchange, with an exception of places where people havent met with cryptocurrencies yet. The following rated functions were not as successful as the first one. Because cryptocurrencies are very volatile type of currency it is hard to compare them with classic currencies where the price of assets expressed f. e. in Bitcoin is continuously changing. Therefore function of unit of account and unit keeper is not met entirely. In the final work it was found out that now cryptocurrencies cannot entirely substitute the payment system. Also the goverment regulations and the level of used technology is a hindrance. But after elimination of some drawbacks that were found out there is a possibility that it could replace the payment system entirely.