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Cryptocurrency Brings New Meaning to Purchase Power and Bridges the Wealth Gap: A Closer Look at Bitcoin

Cryptocurrency Brings New Meaning to Purchase Power and Bridges the Wealth Gap: A Closer Look at Bitcoin

Fabienne T. Cadet
Copyright: © 2023 |Pages: 10
ISBN13: 9781668462478|ISBN10: 1668462478|ISBN13 Softcover: 9781668462485|EISBN13: 9781668462492
DOI: 10.4018/978-1-6684-6247-8.ch006
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MLA

Cadet, Fabienne T. "Cryptocurrency Brings New Meaning to Purchase Power and Bridges the Wealth Gap: A Closer Look at Bitcoin." Blockchain Applications in Cryptocurrency for Technological Evolution, edited by Atour Taghipour, IGI Global, 2023, pp. 108-117. https://doi.org/10.4018/978-1-6684-6247-8.ch006

APA

Cadet, F. T. (2023). Cryptocurrency Brings New Meaning to Purchase Power and Bridges the Wealth Gap: A Closer Look at Bitcoin. In A. Taghipour (Ed.), Blockchain Applications in Cryptocurrency for Technological Evolution (pp. 108-117). IGI Global. https://doi.org/10.4018/978-1-6684-6247-8.ch006

Chicago

Cadet, Fabienne T. "Cryptocurrency Brings New Meaning to Purchase Power and Bridges the Wealth Gap: A Closer Look at Bitcoin." In Blockchain Applications in Cryptocurrency for Technological Evolution, edited by Atour Taghipour, 108-117. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-6247-8.ch006

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Abstract

Launched in 2009, Bitcoin is considered the first cryptocurrency. This chapter takes a strategic approach to investigating Bitcoin usage and how it has brought new meaning to purchase power around the world. The chapter begins with background information on Bitcoin, followed by a description of the current Bitcoin user, followed by an explanation of how Bitcoin has brought new meaning to purchase power around the world as well during the coronavirus pandemic. Additionally, the chapter provides supporting evidence for Bitcoin's ability to bridge the wealth gap.

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