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This study delves into Bitcoin's origins, development, and impact on the future of Fintech, answering key questions about how the cryptocurrency will revolutionize the Fintech landscape. The study is significant because it provides insight into the challenges and opportunities posed by decentralized finance, which is increasingly relevant in the academic fields of finance and technology. The study uses a multidisciplinary approach to understand Bitcoin's technical underpinning, global acceptance, and regulatory environment through a comprehensive analysis of Bitcoin white papers, historical data, and regulatory documents. The research methodology includes a detailed examination of blockchain technology, the workings of the Bitcoin network, and the factors that influence Bitcoin price trends. The findings reveal Bitcoin as a decentralized monetary system that introduces a new paradigm in financial transactions, offering transparency, security, and potentially high returns. However, it also presents significant regulatory challenges, market volatility and risks that need to be managed. The study identified key factors that affect the price of bitcoin, such as supply and demand dynamics, market sentiment, macroeconomic conditions, and technological advances. The implications of this work are far-reaching as it highlights the need for a balanced approach to cryptocurrency regulation that promotes innovation while mitigating risk. The study contributes to the academic discussion by providing a nuanced understanding of Bitcoin's role in the evolving financial ecosystem and its potential impact on monetary policy, financial stability, and global economic dynamics.
Yingqiao Li (Fri,) studied this question.