Criptomoedas: fatores que influenciam sua volatilidade

Abstract

The present work has the goal to understand, in detail, the main factors that influence the volatility of cryptocurrencies and their possible consequences. To achieve the main objective, a historical analysis of the evolution of this virtual currency market was carried out, as well as a review of the main definitions about the currency, its characteristics and its evolution over time. In a second moment, some details were made about the mechanisms that involve the world of cryptocurrencies, bringing explanations about the blockchain, a kind of book that records all transactions, about how some of the main cryptocurrencies, such as bitcoin, are generated and are available on the market. Finally, the main points in the literature that indicate the change in the value of digital currencies in six countries were raised: Brazil, USA, Turkey, Ecuador, Bolivia and Nepal. Thus, based on practical examples and news, we sought, therefore, to show a better understanding of the effects that these facts can have on the different economies inserted in this global market. Among the factors previously raised, we have: government decisions and political influence, the market and system security issues.