Articles | Open Access | Vol. 4 No. 09 (2024): Volume 04 Issue 09 | DOI: https://doi.org/10.37547/marketing-fmmej-04-09-03

GOVERNMENT DEBT AND CRYPTOCURRENCIES: HOW BITCOIN IS CHANGING THE RULES OF THE GAME

Rasul Salaev , Acting Associate Professor of the Department of Banking, Banking and Finance Academy of the Republic of Uzbekistan

Abstract

In recent years, there has been a significant increase in public debt in many countries, which calls into question the sustainability of traditional financial systems. In this context, cryptocurrencies, especially bitcoin, are beginning to play an increasingly important role in the economy. This article explores the relationship between government debt and cryptocurrencies, focusing on how bitcoin can change the rules of the game in the financial world.

We consider the mechanisms by which bitcoin and other cryptocurrencies can serve as an alternative to traditional financial instruments, as well as their potential as a means of protection against inflation and devaluation. In addition, the risks and benefits of investing in cryptocurrencies are analyzed against the background of growing government debt.

The article also discusses the impact of regulation and government control on the development of the crypto market and its interaction with public finances. In conclusion, we hypothesize about the future role of bitcoin in the global economy and its ability to change the approach to public debt management.

Keywords

International organizations, crypto assets, distributed ledger technology

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How to Cite

Rasul Salaev. (2024). GOVERNMENT DEBT AND CRYPTOCURRENCIES: HOW BITCOIN IS CHANGING THE RULES OF THE GAME. Frontline Marketing, Management and Economics Journal, 4(09), 17–27. https://doi.org/10.37547/marketing-fmmej-04-09-03