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Journals / Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2026 / Cilt: 15 Sayı: 2

Determining Systematic Risks in the Virtual World: An Investigation On Cryptocurrency Markets

Sanal Dünyadaki Sistematik Risklerin Belirlenmesi: Kripto Para Piyasaları Üzerine Bir Araştırma

Yaşar Köse(TÜRK HAVA KURUMU ÜNİVERSİTESİ, İŞLETME FAKÜLTESİ)0000-0003-0073-2095
Ceyda Aktan(TÜRK HAVA KURUMU ÜNİVERSİTESİ)0000-0001-7040-4711
Aliye Atay(TÜRK HAVA KURUMU ÜNİVERSİTESİ)0000-0003-0812-6575
Pages
438–457
Publication Date
2025-06-30
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

However, cryptocurrencies and the virtual world remain a significant threat to the economic and political independence and sovereignty of countries

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In the study, the systematic risk (β coefficient) of the 10 cryptocurrencies with the highest market value, which constitutes approximately 80% of the market value of 10,343 crypto coins in the crypto money market, were determined by regression analysis and the findings were evaluated.
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Key Findings & Data:As an asset, crypto coins have become indispensable elements of today's economic and financial world and it is evaluated that this situation will continue to increase in the future.
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Conclusion & Impact:However, cryptocurrencies and the virtual world remain a significant threat to the economic and political independence and sovereignty of countries
🔬Design:Araştırma Makalesi
📍Scope:Comprehensive Sample
⚙️Variables:Kriptopara · Sistematik Risk · Beta Katsayısı

Abstract

In the study, the systematic risk (β coefficient) of the 10 cryptocurrencies with the highest market value, which constitutes approximately 80% of the market value of 10,343 crypto coins in the crypto money market, were determined by regression analysis and the findings were evaluated. The study found that the risk of each cryptocurrency was lower than the average beta of the market. As an asset, crypto coins have become indispensable elements of today's economic and financial world and it is evaluated that this situation will continue to increase in the future. However, cryptocurrencies and the virtual world remain a significant threat to the economic and political independence and sovereignty of countries

Özet

Çalışmada kripto para piyasasında 10.343 kripto paranın piyasa değerinin yaklaşık %80'ini oluşturan piyasa değeri en yüksek 10 kripto paranın sistematik riski regresyon analizi ile belirlenerek bulgular değerlendirildi. Çalışma, her kripto para biriminin riskinin piyasanın ortalama betasından daha düşük olduğunu buldu. Kripto para birimleri, bir varlık olarak günümüz ekonomik ve finans dünyasının vazgeçilmez unsurları haline gelmiş olup, gelecekte de artmaya devam edeceği değerlendirilse de ülkelerin ekonomik, siyasi bağımsızlığına ciddi tehdit olmaya devam edebilecektir.

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Cite This Article

Köse, Y., Aktan, C., Atay, A. (2025). Determining Systematic Risks in the Virtual World: An Investigation On Cryptocurrency Markets. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 15 Sayı: 2, 438–457. https://doi.org/10.18074/ckuiibfd.1475186

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