Exploring the Influence of Bitcoin and Cryptocurrencies on Politics, Society, and the Economy

Anchita Duggal, Raghu Raja Mehra, Mohit Sood

Abstract: Bitcoin and Cryptocurrency have revolutionized global financial systems by introducing decentralized, peer-to-peer transaction models that eliminate the requirement of traditional mediators. Operated by blockchain technology, bitcoin ensures safety, transparency, and irreversibility, paving the way for rapidly expanded digital asset ecosystems. This paper examines the significant technological progress in cryptocurrency exchanges, payment protocols, and safety measures, addressing regulatory challenges and risks related to digital finance. Additionally, it delays the rise of alternative cryptocurrency, the integration of smart contracts, and the growing role of machine learning in financial innovation. The study further examines the widespread social and economic impact of cryptocurrency, which pays attention to financial inclusion and the emergence of decentralized finance (DEFI). As the financial landscape develops, the future of cryptocurrency will be shaped to strengthen blockchain technology as regulatory development, technological innovations, and an increase in institutional adoption are the cornerstone of modern financial systems.

Keywords: Bitcoin, Cryptocurrency, Blockchain technology, Financial innovation, Decentralization, Peer-to-peer transactions, Financial inclusion, Regulatory challenges, Cryptocurrency adoption

How to Cite?: Anchita Duggal, Raghu Raja Mehra, Mohit Sood, "Exploring the Influence of Bitcoin and Cryptocurrencies on Politics, Society, and the Economy", Volume 14 Issue 8, August 2025, International Journal of Science and Research (IJSR), Pages: 622-627, https://www.ijsr.net/getabstract.php?paperid=MS25506081619, DOI: https://dx.doi.org/10.21275/MS25506081619