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The Impact of War on The Cryptocurrency Economy from a Management Perspective

International Journal of Cyber and IT Service Management · Vol. 4 No. 2 (2024) · pp. 143–154

DOI
10.34306/ijcitsm.v4i2.169
ISSN
2808-554X, 2797-1325
Published
2024-10-18
Publisher
Pandawan Sejahtera Indonesia
Language
en
License
creativecommons.org/licenses/by/4.0/

Abstract

Armed conflicts and wars are increasingly shaping the global economic landscape, impacting both traditional markets and the burgeoning cryptocurrency economy. Cryptocurrencies, underpinned by blockchain technology, hold revolutionary potential for transactions, investments, and trading. However, their decentralized and global nature leaves them vulnerable to external shifts, particularly geopolitical events like war. This research explores the influence of war on cryptocurrency from a management perspective, analyzing how conflict impacts regulation, investment patterns, and technology adoption within the cryptocurrency ecosystem. By employing a literature based approach, this study aims to elucidate how global political and security shifts affect the cryptocurrency market. The findings indicate high reliability in the observed variables Investor, Crypto Market, and War with Cronbach alpha values ranging from 0.832 to 0.878, and rhoA values between 0.860 and 0.881. Additionally, composite reliability scores are robust, ranging from 0.860 to 0.882, demonstrating strong measurement reliability. The Average Variance Extracted (AVE) values, between 0.603 and 0.673, confirm that these measurement variables significantly explain the variance of the latent constructs. These results underscore the efficacy of the developed model in analyzing the interplay between war and cryptocurrency markets, contributing valuable insights into the sector resilience and adaptability amid geopolitical conflicts.

Keywords

Collaboration network of the authors

40 authors · 112 co-authorship links · showing the 40 most connected

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  • Universitas Raharja
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Untung RahardjaAffiliation unknown5
Qurotul AiniUniversitas Raharja4
Cicilia Sriliasta BangunAffiliation unknown3
Marviola HardiniAffiliation unknown2
Ninda LutfianiUniversitas Raharja2
Mochamad Heru Riza ChakimAffiliation unknown2
Nasruddin AzizAffiliation unknown1
Muhammad Fikri Bill GufranAffiliation unknown1
William PitoyoAffiliation unknown1
Muhammad Rehan AnwarAffiliation unknown1
Hetilaniar HetilaniarAffiliation unknown1
Semaria Eva Elita GirsangAffiliation unknown1
Souza Nurafrianto Windiartono PutraAffiliation unknown1
Erlina Puspitaloka MahadewiAffiliation unknown1
Takumi SaseAffiliation unknown1
Cut Amalia SaffieraAffiliation unknown1
Rani NuraeniAffiliation unknown1
Brigitta CallulaAffiliation unknown1
Nur AzizahAffiliation unknown1
Izwan AmsyarAffiliation unknown1
Ethan CristhopherAffiliation unknown1
Cicilia S. BangunAffiliation unknown1
Arop Ria S. PanjaitanAffiliation unknown1
Sulthan Taqi SampoernaAffiliation unknown1
Po Abas SunaryaAffiliation unknown1
Mochamad Heru Riza ChakimAffiliation unknown1
MulyatiAffiliation unknown1
Vertika AgarwalAffiliation unknown1
Irma IdayatiAffiliation unknown1
Ronal ApriantoAffiliation unknown1
Ade FamalikaAffiliation unknown1
Ahmad RamadanAffiliation unknown1
Ridhuan AhsanitaqwimAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://iiast.iaic-publisher.org/ijcitsm/index.php/IJCITSM/oai, first harvested 6 Nov 2026, last seen 8 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">The Impact of War on The Cryptocurrency Economy from a Management Perspective</dc:title>
	<dc:creator xml:lang="en">Purnama, Suryari</dc:creator>
	<dc:creator xml:lang="en">Pradana, Bayu Laksma</dc:creator>
	<dc:creator xml:lang="en">Khanna, Gautam</dc:creator>
	<dc:creator xml:lang="en">Suhandi, Suhandi</dc:creator>
	<dc:creator xml:lang="en">Rizky, Agung</dc:creator>
	<dc:creator xml:lang="en">Hikam, Ihsan Nuril</dc:creator>
	<dc:creator xml:lang="en">Kamil, Muhammad Farhan</dc:creator>
	<dc:subject xml:lang="en">Blockchain</dc:subject>
	<dc:subject xml:lang="en">War</dc:subject>
	<dc:subject xml:lang="en">Cryptocurrency</dc:subject>
	<dc:subject xml:lang="en">Transaction</dc:subject>
	<dc:subject xml:lang="en">Market</dc:subject>
	<dc:description xml:lang="en">Armed conflicts and wars are increasingly shaping the global economic landscape, impacting both traditional markets and the burgeoning cryptocurrency economy. Cryptocurrencies, underpinned by blockchain technology, hold revolutionary potential for transactions, investments, and trading. However, their decentralized and global nature leaves them vulnerable to external shifts, particularly geopolitical events like war. This research explores the influence of war on cryptocurrency from a management perspective, analyzing how conflict impacts regulation, investment patterns, and technology adoption within the cryptocurrency ecosystem. By employing a literature based approach, this study aims to elucidate how global political and security shifts affect the cryptocurrency market. The findings indicate high reliability in the observed variables Investor, Crypto Market, and War with Cronbach alpha values ranging from 0.832 to 0.878, and rhoA values between 0.860 and 0.881. Additionally, composite reliability scores are robust, ranging from 0.860 to 0.882, demonstrating strong measurement reliability. The Average Variance Extracted (AVE) values, between 0.603 and 0.673, confirm that these measurement variables significantly explain the variance of the latent constructs. These results underscore the efficacy of the developed model in analyzing the interplay between war and cryptocurrency markets, contributing valuable insights into the sector resilience and adaptability amid geopolitical conflicts.</dc:description>
	<dc:publisher xml:lang="en">Pandawan Sejahtera Indonesia</dc:publisher>
	<dc:date>2024-10-18</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://iiast.iaic-publisher.org/ijcitsm/IJCITSM/article/view/169</dc:identifier>
	<dc:identifier>10.34306/ijcitsm.v4i2.169</dc:identifier>
	<dc:source xml:lang="en">International Journal of Cyber and IT Service Management; Vol. 4 No. 2 (2024): October; 143-154</dc:source>
	<dc:source>2808-554X</dc:source>
	<dc:source>2797-1325</dc:source>
	<dc:source>10.34306/ijcitsm.v4i2</dc:source>
	<dc:language>en</dc:language>
	<dc:relation>https://iiast.iaic-publisher.org/ijcitsm/IJCITSM/article/view/169/101</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2024 Suryari Purnama, Bayu Laksma Pradana, Gautam Khanna, Suhandi Suhandi, Agung Rizky, Ihsan Nuril Hikam, Muhammad Farhan Kamil</dc:rights>
	<dc:rights xml:lang="en">https://creativecommons.org/licenses/by/4.0/</dc:rights>
</oai_dc:dc>