Bitcoin Economics

This week we discussed Bitcoin Economics.  For this week’s research paper, you need to search the Internet and explain the following: Why are some businesses are accepting and other businesses are rejecting the use of Bitcoins as a standard form of currency?  Compare and contrast this with other cryptocurrencies.    

Your paper needs to identify two major companies that have adopted Bitcoin technology. Take a position, either 1) cryptocurrency is a fad that will fade, or 2) cryptocurrency is a legitimate representation of wealth that will persist and grow.  There are rigorous resources available on either side of the argument to lend credibility to your case.  Regardless of your choice, clearly state 2-3 factors succinctly.

Your paper should meet the following requirements: Be approximately 3-5 pages in length, not including the required cover page and reference page. Follow APA guidelines. Your paper should include an introduction, a body with fully developed content, and a conclusion. Support your response with the readings from the course and at least five peer-reviewed articles or scholarly journals to support your positions, claims, and observations. Be clear with well-written, concise, using excellent grammar and style techniques. You are being graded in part on the quality of your writing.