Bitcoin: Real Or Virtual Currency?

Bitcoin saw its value trading at above $18,000 per bitcoin, up by about 900% from its value on January 1, 2017. With approximately 16.6 million Bitcoins circulating, the worldwide value of the currency exceeded $300 billion in the year 2017.Recent appreciation in Bitcoin value is an inspirational force behind this work wherein an attempt to analyse the historical trading behaviour of bitcoin has been made to examine whether this virtual currency behaves like other sovereign currencies or not.