Bitcoin Presentation: Trends, Relationships, and Market Analysis

This presentation offers a comprehensive analysis of Bitcoin, examining its various facets and market dynamics. It delves into the relationship between Bitcoin and the US Dollar, exploring how their values interact and influence each other. The study identifies and analyzes key market trends related to Bitcoin, including the increasing or decreasing number of mining firms and the overall adoption rate of the cryptocurrency. Furthermore, the presentation investigates the correlation between Bitcoin's price and the number of vendors accepting it, as well as the impact of inflation on its value. The research methodology involves an inductive approach, positivism philosophy, and the use of secondary data analyzed with SPSS. The findings reveal insights into the exchange rate between Bitcoin and USD, market fluctuations, and factors affecting Bitcoin's market position. This presentation provides valuable information for understanding Bitcoin's role in the financial landscape and its potential future trends.

A
PRESENTATION
ON BITCOIN

Research background
 Current research is carried out on Bitcoin and under this factors that affect Bitcoin and its relationship with USD is identified. Relationship of price
of Bitcoin with USD, number of vendors and inflation is also identified in the report. Apart from this different trends in respect to Bitcoin in the
market are also identified in research study.
 In past researches it is identified that technology is evolving at rapid pace across the globe. In past few years lots of work is done on development of
technology. Bitcoin is one of the electronic currency that is used at wide scale across the globe.
 Before going in to deep research on Bitcon it is necessary to develop broad understanding about same. Under this electronic mode of payment
online currency is issued that remain in our account. Online payments are made by the business firm and currency is not related to specific
government or central bank. Under electronic mode of payment that is done through Bitcoin there are some entities like miners (Simser, 2015).
 It is usually observed that miners verify the transactions that are covered in block and in return receive bitcoin’s and transaction fee which is their
income. This is the entire process that is going on while transaction happened through bitcoin. Like bank account each holder of bitcoin have some
unique number that is encrypted and linked to specific algorithm ( Reynolds and Angela, Irwin., 2017).

Problem statement
 Bitcoin is one of the most popular crypto currency in the world as its use is increasing at fast rate. Most of people does not
have strong knowledge of Bitcoin and due to this reason they think that it would not be better to make investment in
mentioned crypto currency and they avoid making payment or accepting payment in Bitcoin.
 There are number of things about Bitcoin that people does not know and due to this reason they avoid making use of
Bitcoin. This is the major problem that is associated with the Bitcoin and in response to this in the current research study
different aspects of crypto currency are analysed in the report.
 In this regard, relationship between price of Bitcoin and USD is measured and in this regard data is gathered and same is
analysed by using statistical tools.
 Rate at which transactions in Bitocoin increased are also analysed and conclusion is prepared. Interrelationship between
price of Bitcoin and inflation is also explored. In this way, different aspects of Bitcoin are measured and problem is
addressed.

Research question and objectives
 Objectives:
 To identify relationship between Bitcoin and USD.
 To identify number of crypto currency introduced.
 To identify trends in number of transaction of Bitcoin which will reflect number of mining firms increase or decrease across
the globe.
 To identify relationship between price of Bitcoin and number of vendors.
 To identify relationship between inflation and price of Bitcoin.
 3 Research questions
 What is the relationship between Bitcoin and USD?
 What is the rate at which ceypto currency are issued in the market?
 What are the trends in the market in respect to Bitcoin?
 What is the relationship between price of Bitcoin and number of vendors?

Significance of study
 There are lots of significance of the present research study because it cover varied aspects of the bitcoin. In the current research study, importance of
bitcoin will be discussed in detail. Different areas where bitcoin benefits the firm will be discussed in the firm.
 Thus, it can be said that scope of the present research study is very wide and lots of things can be done make use of bitcoin as mode of payment. It can be
said that there is huge significance of the present research study. In the current research study number of people and countries that are covered in the
report are discussed in detail.
 This will show the extent to which bitcoin is preferred by the people and the business firms. Bitoin is the one of the important currency that can be used by
the business firms in the circulation and to perform business transactions across the globe.
 Thus it is very important to identify that after having such a strong positive points what are the reasons due to which still at wide level bitcoin is not used
by the firms to accept and to make payment online at wide level.
 Thus, it can be said that scope of current research study is very wide. Governments also may keep an eye on usage of bitcoin and it may intended to
interfere in usage of bitcoin in the nation. In this regard government can prepare some of the important rules and regulations. In the current report, all
these things will be covered extensively.

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 This research study will help readers in understanding the extent to which government intervene on use of bitcoin in the Malaysia by preparing
rules and regulations tightly. This reflect that there is significant importance of the present research study for the individuals. Inflation is the another
factor that indirectly affect the currency value. Increase or decrease in the currency value heavily affect the usage of specific currency in the nation
or across the globe.
 Present research study is focusing on identifying whether inflation rate have any impact on the bitcoin. This reflects that there is significance of the
present research study as it help one in understanding whether there is any impact of inflation on the bitcoin value and if there is any impact then to
what extent it lead to up and down in the bitcoin value. Finally, in the research study relationship will be identified between USD and bitcoin.
Usually, in case of paper currency each nation currency value is compared with USD and strength and weakness is identified and accordingly
payments are exchanged by the firm. In the present research study also same relationship will be identified between bitcoin and USD.
 It can be said that like issues are observed in pear currency same are evaluated in respect to electronic currency. This reflects that at vast
level relationship is identified among variables. Thus, scope of the present research study is very wide and lots of things are covered in the report
which reflects that at single place reader will become familiar with number of facts.

Structure of study
 Introduction: In order to prepare dissertation in systematic manner first of all introduction part is prepared and under this detail discussion is carried out on bitcoin
and its advantages as well as issues that can be associated with it (DeWaal and Dempsey, 2015). In this section of the report, rationale and significance of research
is discussed briefly. It can be said that there is huge significance of the present research study for researchers.
 Literature review: This is second part and one of the important section of the present research study. In this stage literature of different scholars are reviewed in
detail and positive and negative points that they speak in respect to research objectives are discussed in detail.
 Research methodology: It is another important segment of the current research study. Research methodology segment reflect the approach that is followed to
conduct the present research study. There are number of sub parts of the research methodology section which will cover research approach, research philosophy,
ethics and limitations of research. It can be said that there is huge significance of this part of research because it reflect whether research is carried out in legitimate
way by the researcher.
 Data analysis section: In this part of the research report data is analysed by using relevant tools like thematic analysis and SPSS. On the basis of analysis of results
it is identified that in what specific direction research variable move like customers are satisfied from the firm etc. In many researches on collected data SPSS is
also used for analysis purpose. It is the tool that reflect relationship among variables. It can be said that SPSS is the one of the most important tool that is used for
analysis purpose by the researchers.

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 Conclusion and recommendation: Finally after preparation of data analysis section
conclusion and recommendation section is prepared in the report. Under this results
obtained on analysis are taken in to account in order to form conclusion and preparing
recommendation. It can be said that in this segment of the report overll conclusion of
research study is described in detail.


Literature review overview
 Number of mining firms are increasing which clearly means that there is high demand of Bitcoin in the market because people are prefering to make number of
transactions in to the mentioned currency. It can be said by considering current trends that in the upcoming time period demand of Bitcoin will increase at rapid
rate and due to this reason price of mentioned currency may increase at rapid rate. There are number of firms that do transition in their business and now are
preparing to become Bitcoin miners. Thus, current trends are clearly reflecting that miners are increasing and further their number will enhance.
 It is concluded that there is strong relationship between price of Bitcoin and number of vendors. With increase in number of vendors price of Bitcoin will
increase. This is because as number of firms will start accepting payment in form of Bitcoin more and more people will like to make use of Bitcoin and due to this
reason with passage of time value of mentioned currency will increase in the market. Thus, it can be said that price of Bitcoin and number of vendors are positively
correlated to each other. Moreover, if number of miners will increase in the market plunge will be observed in price of Bitcoin.
 Inflation is the one of the important concept that have due importance for economist and individual person that is working across low paid job. This is
because inflation reflect rate at which price of commodities are increasing in the market. Like inflation have impact on commodities currencies are also indirectly
affected by it in terms of value. With increase in inflation huge variation is observed in price of Bitcoin as this is proved from analysis of regression results. Thus, it
can be said that individuals must cautiously make purchase of Bitcoin.

Research methodology overview
 Inductive approach is selected and accordingly positivism philosophy is selected for
research. Secondary data is gathered and same is analyzed by using SPSS tool. Apart from
this, in order to conduct present research descriptive research design is selected.

To identify relationship between Bitcoin and USD
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Interpretation
 In order identify relationship between Bitcoin and USD descriptive statistics tools are used. It can be
seen from the chart that in past few years USD become stronger than Bitcoin (BTC USD historical data,
2017). Chart given above revealed that price of Bitcoin declined consistently relative to USD.
Descriptive statistics table that is given above revealed that minimum value of Bitcoin in USD is 571.54
and value of same increased to 4360.68.
 Thus, it can be observed that huge traction comes in the exchange rate and with passage of time Bitcoin
become weak relative to USD. This, may happened because Bitcoin can be converted in to USD. It is
possible that most of people after obtaining Bitcoin converted it in to domestic currency so that easily
trade can be done in items. This is the reason due to which value of USD become stronger than Bitcoin.
 Mean value of exchange rate is 1364.52 which means that on an average basis Bitcoin trade at value
nearby to USD in the relevant exchanges. Standard deviation value is 849.31 which is higher in number
and on this basis it can be said that currency exchange rate is fluctuating at fast rate. Trend is on
increase and on this basis it can be said that value of Bitcoin decline at sharp rate then USD in past
couple of years.