CRYPTOCURRENCY DIALECTICS AND THE INTERNATIONAL FINANCIAL MARKET
CRYPTOCURRENCY DIALECTICS AND THE INTERNATIONAL FINANCIAL MARKET

Summary/Abstract: The topic of research concerns a very important issue for financiers - the essence of cryptocurrencies, the substance. There are many scholars and experts working on this topic today, both in Georgia and abroad, however, its understanding in the financial aspect and the exact description of what we are dealing with, is not yet clear. The crypto-era is a multi-faceted event and its financial aspects are less studied, especially in a developing country like Georgia. After the collapse of the Soviet Union, these newly emerging countries, including Georgia, had to create their own currency. It has been a very difficult and long way to go with its hyperinflations. The memory of Georgians still remembers the problems of the kupon emission (the first quasimoney element of Georgia). Therefore, there is a particular fear of new currency emmision, relative to the countries of the region, but at an early stage when there was a "mining" boom, Georgians took the leading positions in cryptocurrency mining. Subsequently, when the bitcoin rate dropped against the dollar, Georgians were frustrated. That is why this issue is important for Georgian science and economists. Let’s go back to the financial aspect of this event again. Why do we decide to research this problem? What is our purpose. What is cryptocurrency itself - is it a Silicon Valley war against Wall Street or is it a challenge of the century for financiers?! What is it - the task of financiers making new money or fun for IT specialists?!

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