A media analysis of Bitcoin and Libra: rises and falls in the cryptocurrency market

Question

how do I start my media analysis on bitten and libra: rise and falls in the crypto market from a global studies angle? Could someone suggest an outline and some useful sources for me to finish 1500 words?

Answer 1

Starting a media analysis on Bitcoin and Libra, focusing on their rises and falls in the cryptocurrency market from a global studies perspective, requires careful planning and organization. Here's a suggested outline and some useful sources to help you complete your 1500-word analysis:

**Outline:**

I. **Introduction**

- Provide an overview of the cryptocurrency market's significance in global studies.

- Introduce Bitcoin and Libra as prominent cryptocurrencies.

- State the purpose of the analysis, which is to examine their rises and falls in the market.

II. **Historical Context**

- Explain the emergence of cryptocurrencies and their impact on global finance.

- Discuss the initial rise of Bitcoin and its role in shaping the crypto market.

- Introduce Libra and its entry into the cryptocurrency landscape.

III. **Rise of Bitcoin**

A. **Early Adoption and Enthusiasm**

- Discuss the factors that led to Bitcoin's initial surge in popularity.

- Analyze media coverage during Bitcoin's rise and its impact on public perception.

B. **Speculative Boom**

- Examine the speculative bubble that led to Bitcoin's rapid price increase.

- Evaluate the role of media in fueling this speculative phase.

IV. **Fall of Bitcoin**

A. **Market Corrections**

- Describe the various market corrections and crashes Bitcoin experienced.

- Analyze media responses and narratives during these downturns.

B. **Regulatory Challenges**

- Discuss the regulatory challenges and government interventions affecting Bitcoin.

- Explore media coverage related to regulatory developments.

V. **Rise and Fall of Libra**

A. **Facebook's Announcement**

- Explain the initial excitement and concerns surrounding Libra's announcement by Facebook.

- Analyze media reactions and global regulatory responses.

B. **Challenges and Controversies**

- Discuss the challenges and controversies that led to Libra's struggles.

- Examine media coverage of Libra's regulatory hurdles and partner withdrawals.

VI. **Comparative Analysis**

- Compare and contrast the rise and fall of Bitcoin and Libra.

- Evaluate the role of media in shaping public perception and influencing market dynamics.

VII. **Global Impact**

- Discuss the global implications of cryptocurrency market dynamics.

- Examine how the rises and falls of Bitcoin and Libra have influenced global financial discussions.

VIII. **Conclusion**

- Summarize key findings from the analysis.

- Reflect on the role of media in cryptocurrency market volatility.

- Discuss potential future developments in the crypto market.

**Useful Sources:**

1. **Academic Journals**:

- "Cryptocurrencies: Past, Present, and Future" by Narayanan, Arvind et al.

- "The Political Economy of Cryptocurrencies" by Golumbia, David.

2. **News Articles**:

- Articles from reputable sources like Reuters, Bloomberg, and CoinDesk covering major events in the crypto market.

- Op-eds and analysis pieces discussing the impact of media on crypto market sentiment.

3. **Whitepapers and Official Statements**:

- Bitcoin's original whitepaper by Satoshi Nakamoto.

- Libra's official documents and statements released by Facebook and the Libra Association.

4. **Government Reports and Regulations**:

- Reports from government agencies like the U.S. SEC and regulatory developments related to cryptocurrencies.

5. **Books**:

- "The Basics of Bitcoins and Blockchains" by Antony Lewis.

- "Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money" by Nathaniel Popper.

6. **Academic Databases**:

- Explore academic databases like JSTOR, Google Scholar, and ProQuest for in-depth research articles.