Digital currency investment and volatility controversies – ethical perspectives and empirical evidence

Digital currencies and blockchain technology are viewed with scepticism in the financial sector and society, while the increasing popularity of some currencies, such as Bitcoin, has raised numerous ethical questions. With the growing popularity of cryptocurrencies, the demand for these assets has also increased as many investors see the potential for high returns in this new, bubbly, and rapidly developing market. However, investing in cryptocurrencies has significant risks as the market is highly volatile and still unregulated. In this article, we propose an analysis of the aspects related to investment and the volatility of digital currencies from a dual perspective: a) qualitative - a critical look at their pros and cons from an investment perspective, as well as the ethical implications for the economy and individuals; b) quantitative - based on empirical data on the issue of their volatility. The future of cryptocurrencies and blockchain technology is difficult to predict as it is characterized by high uncertainty. However, given the transformation process that the financial and currency markets undergo, the challenges posed by such innovations can no longer be ignored.