[PDF] A bibliometric review of cryptocurrencies: how have they grown? | Semantic Scholar (2024)

The current study used a concentrated approach to study the bibliometric literature about the financial implications of cryptocurrency as an asset class and not prominently its technological or legal aspects.

The study uses bibliometric analysis to illustrate the history of cryptocurrency publication activity, focusing on the most popular subjects and research trends, and suggests future research directions that may be beneficial in illustrating the environmental effect, studying financial behavior, identifying the long-term sustainability of cryptocurrencies, and evaluating their financial success.

The findings reveal that the growth of research and citation rate hiked from the year 2017 till now, and Elie Bouri is the top contributor, IEEE Access is the most prolific journal, China being the prolific country.

This study provides a robust and systematic contribution to cryptocurrency literature by making use of a powerful and accurate methodology—the bibliographic coupling, and by only considering ABS academic journals, using a wider keyword scope, and not enforcing any restrictions regarding areas of knowledge.

The findings of the study reveal that the government of developed and developing nations and central banks hesitate to regulate and accept cryptocurrency due to the following reasons: cryptocurrency’s ties to illegal activity, speculation and cryptocurrency's capacity to circumvent government-imposed capital controls.

Through the application of structural topic modeling, six distinct thematic clusters in Bitcoin research are identified, encompassing topics such as blockchain-based digital currency, volatility modeling, portfolio diversification, Bitcoin futures trading, return forecasting, and cryptocurrency regulations.

The aim of this paper is to provide a literature review of the main reasons for the popularity of cryptocurrencies and to present concrete examples that show that the crypto market is not only accessible to individuals or businesses, but also to governments, banks and investment companies.

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This study provides a knowledge area map that identifies and evaluates the links between authors and countries distribution, the conceptual structure of the field, the structure and connections of most cited papers and journals, and provides useful insights on academic research in this field regarding publication year, type and category, authors, journals and citations.

This study shows the development trend, context and clusters of Bitcoin-related studies from various perspectives networks and produces a visual concept linking diagram that will enable researchers to quickly understand the contextual relationship between Bitcoin keywords during literature analysis.

A bibliometric analysis of all Blockchain’s conference papers, articles, and review papers that have been indexed by Web of Science from 2013 to 2018 revealed some valuable insights, including yearly publications and citations trends, hottest research areas, top-ten influential papers, favorite publication venues, and most supportive funding bodies.

A historical comparison with colonial South America and specifically the silver mining economy around the Cerro Rico de Potosí will help to develop a historical and political understanding of Bitcoin's stakes, including questions of resources, labor, energy, and ecology.

From the analysis it emerges that the transition of the whole monetary system in the new cryptocurrency will result in an unacceptable amount of energy consumed to mine new bitcoins and to maintain the entire virtual monetary system, and probably bitcoin will remain a niche currency.

It is found that company features, use of other payment methods, customers’ knowledge about Bitcoin, and the size of both the official and unofficial economy are significant determinants of Bitcoin’s returns.

This work identifies three key components of Bit coin's design that can be decoupled, and maps the design space for numerous proposed modifications, providing comparative analyses for alternative consensus mechanisms, currency allocation mechanisms, computational puzzles, and key management tools.

The paper adds to the recent discussions and debate on cryptocurrencies by suggesting additional regulation to prevent their use in money laundering and corruption schemes.

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