Cryptocurrencies: Comparative Advantage of Bitcoin, Ethereum and Cardano

Rinel Abdrakhmanov

Bakalářská práce

Abstract:

The goal of the bachelor thesis is to evaluate three selected cryptocurrencies and define the best crypto asset between them that will be suitable for making an investment. The author implemented a series of quantitative techniques that involved the analysis of time series, correlation analysis, prognostic techniques and basic descriptive statistics. After conducting the analysis, the author managed to come up with a series of recommendations and answers to the questions asked at the beginning of the bachelor thesis. Ultimately, the author reaches the conclusion that the best investment option out of the three is Ethereum since the currency has lower volatility and a higher rate of returns than Bitcoin and Cardano. Cardano is considered to be the worst investment option out of the three. Additionally, the author suggests investors be careful when venturing into the crypto market due to its highly speculative and bubbly nature and difficulty to predict the future performance of assets even despite its potentially high profitability

Keywords

Bitcoin, Cardano, cryptocurrencies, Ethereum, volatility, speculation, bubble, investment, profitability

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 16. 3. 2024

Obhajoba závěrečné práce

• Vedoucí: Ing. David Křížek, Ph.D.
• Oponent: Petr Wawrosz, Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Bakalářský studijní program:
Business Administration