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Abstract


BITCOIN: A WORLD CURRENCY PROJECT? AN ANALYSIS ON THE HISTORY, FEATURES AND FUNCTIONS OF MONEY

The knowledge of human history points to the fact that technological improvements are the determining factor in every aspect of life. In the last quarter century, with the technological improvements in the electronics, communication and information technology fields digitalization started and this led to e-mail replacing the letter, digital media replacing books, magazines, newspapers. Schumpeter's creative destruction thesis at work once again. It can not be expected for money to not go along with this wave of change. In the historical process the objects used as currency has changed in accordance wih the technology. As a pioneer Bitcoin has become the symbol of cryptocurrencies. Even though a world currency has been sought for for centuries, so far no successful implementation has happened. In this study, we are looking for answers to the question whether Bitcoin is a world currency through the frame of history, features and functions of money.



Keywords
Bitcoin,Libra,world currency



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