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Blockchain Dynamic and Macroeconomic Impact on The Stock Market

https://doi.org/10.51176/1997-9967-2024-2-58-69

Abstract

This study sheds light on the achievements of digital financial technologies and blockchain technology in the stock market. This study aims to examine the relationship between blockchain technology and macroeconomic variables, as well as the impact these variables have on stock market performance. For this, authors used the methodology of correlation and regression analysis, analyzing data on cryptocurrencies, the stock market and key paper exchange rates. The study confirms a significant correlation between blockchain dynamics, particularly cryptocurrency price fluctuations, and stock market performance, indicating that movements in digital asset classes such as Bitcoin and Ethereum have measurable impacts on traditional financial markets. Traditional economic indicators continue to play a crucial role in stock market behavior, with variables like inflation rates and GDP growth showing strong correlations with market performance. The results suggest a complex interplay between blockchain technology and macroeconomic indicators, emphasizing a growing interconnectedness between emerging digital financial products and economic measures. In addition, the findings are particularly relevant for investors, financial analysts, and policymakers, highlighting the need for a holistic market analysis approach that integrates both new technological advancements in blockchain and economic indicators. The study underscores the evolving influence of blockchain technology on traditional stock markets that encompass both new digital assets and economic frameworks. Moreover, further studies could explore the impact of blockchain technology on specific sectors within the stock market, such as technology, finance, and consumer goods.

About the Authors

A. M. Benarous
Department of Management Information Systems, Ankara Yıldırım Beyazıt Üniversitesi
Turkey

Amer M. Benarous - PhD, Department of Management Information Systems, Ankara Yıldırım Beyazıt Üniversitesi.

Esenboğa Yerleşkesi Kızılca, 06760 Çubuk, Ankara



I. T. Medeni
Department of Management Information Systems, Ankara Yıldırım Beyazıt Üniversitesi
Turkey

Ihsan T.Medeni - PhD, Professor, Department of Management Information Systems, Ankara Yıldırım Beyazıt Üniversitesi.

Esenboğa Yerleşkesi Kızılca



T. D. Medeni
Department of Management Information Systems, Ankara Yıldırım Beyazıt Üniversitesi
Turkey

Tunç D. Medeni - PhD, Professor, Department of Management Information Systems, Ankara Yıldırım Beyazıt Üniversitesi.

Esenboğa Yerleşkesi Kızılca



V. Ateş
Department of Management Information Systems, Ankara Yıldırım Beyazıt Üniversitesi
Turkey

Vildan Ateş - PhD, Associate Professor, Department of Management Information Systems, Ankara Yıldırım Beyazıt Üniversitesi.

Esenboğa Yerleşkesi Kızılca



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Review

For citations:


Benarous A.M., Medeni I.T., Medeni T.D., Ateş V. Blockchain Dynamic and Macroeconomic Impact on The Stock Market. Economics: the strategy and practice. 2024;19(2):58-69. https://doi.org/10.51176/1997-9967-2024-2-58-69

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ISSN 1997-9967 (Print)
ISSN 2663-550X (Online)