| Summary: | Research background: Bitcoin is defined as digital money in a peer-to-peer decentralized payment network, an amalgam hybrid between fiat and commodity currency without a real value. This digital currency is also independent of any government or currency administration.
Purpose of the article: This article explores whether bitcoin works as a medium of exchange or relates to assets, focusing on its current use and future utility regarding its characteristics.
Methods: Analysing bitcoin statistical features, we found no connection with traditional asset categories such as stock, bonds and commodities either in intermediate time, or periods of financial crises.
Findings & Value added: The study suggests that investors’ abiding interest in bitcoins can have a positive impact on their liquidity in the real time.
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