Statistical Methods in Finance 2017

Dec 16 - 19, 2017


Abstract

Implications of a Bitcoin Monopoly

by Rashmi Ranjan Bhuyan

For the open platform Bitcoin cryptocurrency system, it is observed that one market overwhelmingly dominates trading in this currency. Coupled with that, we observe significant three way arbitrage opportunity in trading the Chinese currency against the US dollar, through the Bitcoin market. This is an unhealthy sign for this financial platform.