@inbook{f700fa3a393d49c1b2ca46a4c9c119f1,
title = "Bitcoin, cryptocurrency and global finance industry disruption: dirty little energy secret",
abstract = "Bitcoin was launched as a {\textquoteleft}digital currency{\textquoteright} in 2009 referred to as a form of {\textquoteleft}cryptocurrency{\textquoteright}. Over the past decade, the price of Bitcoin investments rose from about \$10,000 Australian to about \$80,000 in that time. However, it comes and goes and it{\textquoteright}s fallen back to about \$50, so it{\textquoteright}s still a highly speculative and volatile asset class. It has a lot of hype around it like a lot of new technologies. Many people say that what we are now seeing with Bitcoin, Ethereum and other such offerings is just the front end of a {\textquoteleft}first-generation{\textquoteright} technological disruption of global financial, investment, savings and capital markets.",
keywords = "asset classes, banking, Big Four, Bitcoin, Bitcoin mining, Blockchain, BTC, CBDC, central banks, Coinbase, cryptocurrency, crypto exchanges, DarkNet, debanked, decentralised finance (DeFin), Diem, digital currency, digital yuan, digital tokens, distributed currency, distributed ledgers, e-CNY, e-RMB, energy supply, Ethereum, exchange-traded fund/s (ETF/s), fiat currency, finance, FTX, fungibility, gold standard, inflation, Libra, money laundering, money supply, NASDAQ, NFT, payments systems, proof-of-stake, proof-of-work, Reserve Bank of Australia (RBA), SDG 9, store of value, SWIFT, technology disruption, technology hype cycle",
author = "Sean Foley",
note = "Copyright the Author(s) 2025. Version archived for private and non-commercial use with the permission of the author/s and according to publisher conditions. For further rights please contact the publisher.",
year = "2025",
doi = "10.4324/9781003280316-15",
language = "English",
isbn = "9781032248295",
series = "Routledge Frontiers of Business Management",
publisher = "Routledge, Taylor and Francis Group",
pages = "133--145",
editor = "Michael Lester and \{dela Rama\}, Marie",
booktitle = "Innovation pathways to sustainability",
address = "United Kingdom",
}