National Repository of Grey Literature 1 records found  Search took 0.01 seconds. 
Bitcoin as an alternative investment in comparison with gold after financial crisis in the year of 2008
Langmajerová, Lucie ; Ševčíková, Michaela (advisor) ; Klepek, Cyril (referee)
The aim of bachelor thesis is to answer the question of suitability of bitcoin as an investment possibility in comparison with gold. The theoretical part explains consequences of the crisis in the year of 2008 and advantages of investing. Moreover the work describes the situation of financial market and explains concepts which are necessary for the following part. The practical part describes investment alternatives with the focus on bitcoin and gold. The formulation of the econometric model is included. The model analyses the degree of influence of three factors on bitcoin price which are supply and demand for bitcoin, macroeconomic impact and attractiveness of bitcoin for investors. The quantitative and qualitative characters of bitcoin are compared with gold. The thesis concludes that the price is mainly determined by attractiveness for investors therefore bitcoin is not suitable as a long-term investment against gold.

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