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Review article

https://doi.org/10.17818/DIEM/2021/1.21

BITCOIN AS A POSSIBLE MEANS OF FINANCIAL MARKET FRAUD

Marijan Zubalj ; Polytechnic of Rijeka Business Department, Croatia
Vesna Buterin orcid id orcid.org/0000-0002-1090-6549 ; Faculty of economics and business, University of Rijeka
Denis Buterin ; Business Department, Polytechnic of Rijeka


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Abstract

The aim of this paper is to present the manipulation possibilities in the operation of information technology. Many authors have already dealt with cryptocurrencies and their investment potential, with special emphasis on bitcoin. Therefore, the aim of this paper is to identify possible manipulative activities in the segment of information technology about bitcoin as a possible means of fraud in the financial market, especially if it is analysed the trend of its movement and potential financial risk. In this paper, the authors investigate in detail the characteristics of securities by linking them to market manipulations. The authors analyse bitcoin as a relative market and financial unknown, explain its origin and the most significant characteristics, and define the risks in terms of possible market manipulations. Finally, the authors analyse the financial bubble that is created around bitcoin and its impact on the economy. The authors analyse that bitcoin and other cryptocurrencies are still suitable for fraudulent activities in financial markets and emphasize the importance of institutions in reducing potential risks.

Keywords

bitcoin, institutions, bubble

Hrčak ID:

261911

URI

https://hrcak.srce.hr/261911

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