Blockchain Investments

Daud Mchedlishvili

Bakalářská práce

Abstract:

The main goal of this bachelor thesis lies in conducting a comparative analysis of cryptocurrencies and stocks of companies specializing in the technological domain. The author’s selection of the tech domain is justified by the fact that tech stocks present an alternative to cryptocurrencies and vice versa, so the author is genuinely interested in understanding which kind of investment is better in terms of profitability and risk. For the analysis, the author selects 2 cryptocurrencies based on the blockchain technology – Ethereum and Polkadot, and 2 stocks of companies specializing in the IT or technological segment – Amazon and Google. For the methodology of the author’s work, he selects the quantitative approach, where his analysis is purely based on empirical research according to the series of fundamental indicators selected by him. The author uses Yahoo finance dataset for the extraction of data, where he bases his analysis on monthly time series data representing the time interval from 01.04.2022 to 04.03.2023 since the author is considering the short-term horizon for the investment. To conclude, the author is able to highlight that when comparing potential investments to crypto currencies and stocks, the author, based on the example of the comparative analysis of Polkadot/Ethereum coins and Google/Amazon stocks is able to say that the second option is more preferred due to lower volatility and higher predictability of the market. At the same time, the author believes that the current financial situation is rather complicated and there are almost no ways for investors to maximize their gains in the short-term perspective by investing into major enterprises’ stocks in 2023.

Keywords

blockchain, cryptocurrency, investment

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 17. 3. 2023

Obhajoba závěrečné práce

• Obhajoba proběhla 17. 5. 2023
• Vedoucí: doc. Ing. Petr Procházka, MSc Ph.D.
• Oponent: Michal Čermák, Ing.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Bakalářský studijní program:
Business Administration