Cai, Cynthia Weiyi; Xue, Rui; Zhou, Bi - In: Journal of Accounting Literature 46 (2023) 1, pp. 26-50
Purpose This study reviews existing cryptocurrency research to provide answers to three puzzles in the literature. First, is cryptocurrency more like gold (i.e., a commodity) or should it be classified as a new financial asset? Second, can we apply our knowledge of the traditional capital market...