Bitcoin's price crashed more than 15 per cent within 24 hours last week after Musk tweeted that
Question:
"Bitcoin's price crashed more than 15 per cent within 24 hours last week after Musk tweeted that Tesla would no longer accept payment in bitcoin because of its environmental impacts. (Mining bitcoin consumes more energy than Norway)." (Sydney Morning Herald, Elon Musk Tweets Highlight the Problems with Crypto Markets, 18 May 2021). Considering the above statement, can you identify whether any form of market efficiency has been violated? In your answer, you need to define what is meant by the Efficient Market Hypothesis and the various forms of market efficiency suggested by this hypothesis
QBitcoin is referred to as digital or virtual currency. What 3 key characteristics would Bitcoin need to have to be considered as 'money'? On the basis of your answer, do you deem that Bitcoin has attained 'money' status in Australia? Explain your answer
Q "Elon Musk has now shown, quite consistently, that he can cause the price of bitcoins - and other cryptocurrencies - to soar or tumble in response to his somewhat erratic but plentiful contributions on Twitter." Some have argued that it is time for the cryptocurrency market to be regulated. Provide 2 arguments for and 2 arguments against regulation of this market. Draw on the history of regulation of financial markets and institutions to justify your answers
Project Management The Managerial Process
ISBN: 9781260570434
8th Edition
Authors: Eric W Larson, Clifford F. Gray