Systematic Review on Bitcoin Research

Abstract

Bitcoin is one type of payment instrument that was created and developed not under any authority. The use of Bitcoin is growing from year to year with a high exchange value. Even in 2018, the value of Bitcoin reached USD 19,783.06 per 1 (one) Bitcoin, which is fluctuating because the number of Bitcoin is limited, which only reaches a maximum of 21 million (twenty-one million). Against the popularity of Bitcoin, Bank Indonesia issued a statement that Bitcoin is not a legal means of payment and the risk of use will be borne by the user. This study aims to determine the development map and trend of Bitcoin published by well-known journals in the fields of economics and finance. The data analyzed were more than 1166 Google Scholar indexed research publications. The export data was then processed and analyzed using the R Biblioshiny application program to find out the bibliometric map of Bitcoin development. The results showed that in the motor themes or driving themes quadrant, the emerging themes are Blockchain, Money, Digital, Cryptocurrencies, Financial, and Risk. Finally, the basic and transversal themes quadrant is represented by the themes Bitcoin, Volatility, and Markets.