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Exploring Bitcoin's Potential to Meet Global Cash Demands
the potential for Bitcoin to meet global cash requirements, such as cross-border transactions and reserve demands. We conclude that while Bitcoin's total supply is limited, its availability and high market value give it the potential to reach extraordinary levels far...
Regulating Bitcoin: Challenges of a Global Governing Authority
the need for a global central bank to regulate Bitcoin usage, value, and exchange methods in order to maintain control over market prices and prevent negative impacts on the global economy. However, this development is seen as a distant possibility...
Regulating Bitcoin to Mitigate Risks of Illicit Financing
how Bitcoin's trading system could potentially simplify the process for organizing and financing illegal activities worldwide. This concern has prompted some countries to restrict the use of digital currencies like Bitcoin. To address these challenges, the establishment of a central...
The Dark Side of Bitcoin: Illegal Activities and the Enduring Role of Traditional Currencies
how the simplicity and accessibility of Bitcoin have contributed to its use in funding illegal activities on a global scale, leading to concerns that anyone holding Bitcoin could potentially face accusations of involvement in such crimes. We also recognize that...
The Risks and Challenges of Unregulated Digital Currency: Bitcoin's Vulnerability to Cybercrime
how Bitcoin operates outside the control of any central financial authority, bypassing the traditional banking system and official oversight. However, this also makes Bitcoin susceptible to cyberattacks and theft, as it exists as digital numbers stored in online wallets with...
The Impact of Bitcoin's Volatility on Global Labor Costs
the challenges Bitcoin's steadily increasing value poses for global transactional demands and labor costs. While the rising price of Bitcoin may seem appealing, it also leads to a substantial reduction in the nominal value of assets worldwide and the need...