Internal Code : 1AJCAA
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TASK
Investigate and explain the background to digital or cryptocurrencies and provide an analysis and comparison of the five largest cryptocurrencies by market capitalisation currently on the market?
Explain how and why there were created and how they work, their advantages/disadvantages, price drivers - economic, technical, transaction and law of one price.
In the process, evaluate whether cryptocurrencies fulfil the functions of money, now, in the future?
Globalization removes barriers to international finance, is the adoption of widespread cryptocurrency use one of the final frontiers and how likely is a cryptocurrency to be adopted into international financial markets?
Do you consider cryptocurrencies, for example, Bitcoin, to be a global currency? How likely are they to replace multiple currencies for future trading?
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