<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2550-6722</journal-id>
<journal-title><![CDATA[Revista Chakiñan de Ciencias Sociales y Humanidades]]></journal-title>
<abbrev-journal-title><![CDATA[Revista Chakiñan]]></abbrev-journal-title>
<issn>2550-6722</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional de Chimborazo]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2550-67222018000100054</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[BITCOIN: SU INFLUENCIA EN EL MUNDO GLOBAL Y SU RELACIÓN CON EL MERCADO DE VALORES]]></article-title>
<article-title xml:lang="en"><![CDATA[BITCOIN: ITS INFLUENCE ON THE GLOBAL WORLD AND ITS RELATIONSHIP WITH THE STOCK EXCHANGE]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Cortez]]></surname>
<given-names><![CDATA[Alexandra]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Tulcanaza]]></surname>
<given-names><![CDATA[Ana]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Politécnica de Cataluña  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>España</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Kumoh National Institute of Technology (KIT)  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>South Korea</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>08</month>
<year>2018</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>08</month>
<year>2018</year>
</pub-date>
<numero>5</numero>
<fpage>54</fpage>
<lpage>72</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://scielo.senescyt.gob.ec/scielo.php?script=sci_arttext&amp;pid=S2550-67222018000100054&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://scielo.senescyt.gob.ec/scielo.php?script=sci_abstract&amp;pid=S2550-67222018000100054&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://scielo.senescyt.gob.ec/scielo.php?script=sci_pdf&amp;pid=S2550-67222018000100054&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN Los nuevos avances tecnológicos han traído consigo una revolución en cómo los agentes económicos interactúan con la sociedad y los mercados. Actualmente, el uso de monedas virtuales es frecuente en las transacciones financieras y el bitcoin ha sido definido como la criptomoneda más importante a nivel mundial debido a su alta capitalización en el mercado y a su infraestructura tecnológica. Varios estudios han sido realizados para discutir las ventajas y desventajas del uso del bitcoin; sin embargo, pocos estudios han examinado su conexión e influencia en el mercado de valores. El objetivo de esta investigación es precisamente cubrir este nicho. Primero, proveyendo herramientas y conceptos para entender la dinámica del bitcoin y luego determinando su relación con el mercado bursátil. En este sentido, este manuscrito analiza la definición y rol del bitcoin en el mundo, así como su presencia en Ecuador. Además, se provee un análisis exploratorio y visual de la evolución del bitcoin y de los índices del mercado de valores. Finalmente, una correlación lineal es calculada entre el bitcoin, otras criptomonedas, índices bursátiles y materas primas. Los resultados del estudio, empleando técnicas visuales y estadísticas, demuestran que el bitcoin tiene: una fuerte relación con otras criptomonedas; una correlación lineal, no tan fuerte como la anterior, con los principales índices bursátiles; y no tiene una correlación lineal con las materias primas.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT The new technological advances have brought a revolution on how economic agents interact with society and markets. Nowadays, the use of virtual currencies is more frequent in the financial transactions and bitcoin has been defined as the most important world cryptocurrency due to its high market capitalization and its technological infrastructure. Several studies have been conducted to discuss bitcoin advantages and disadvantages; however, few papers in literature have examined its connection and influence on the stock market. The objective of this paper is precisely cover this gap. Firstly, by providing tools and concepts to understand bitcoin&#8217;s dynamic, and then determining its relationship with stock market indexes. In that context, this manuscript examines the definition and function of bitcoin in the global world and its presence in Ecuador. Besides, exploratory and visual analyses are provided using the evolution of bitcoin and other market indexes. Finally, a linear correlation is computed between bitcoin, other cryptocurrencies, stock exchange indexes and commodities. The results in this study, employing visual and statistical analyses, demonstrated that bitcoin has: a strong relationship with other cryptocurrencies; a lineal correlation, not as strong as the previous one, with the main stock market indexes; and no linear correlation with commodities.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[bitcoin]]></kwd>
<kwd lng="en"><![CDATA[commodities]]></kwd>
<kwd lng="en"><![CDATA[cryptocurrencies]]></kwd>
<kwd lng="en"><![CDATA[linear correlation]]></kwd>
<kwd lng="en"><![CDATA[stock exchange indexes]]></kwd>
<kwd lng="es"><![CDATA[bitcoin]]></kwd>
<kwd lng="es"><![CDATA[correlación lineal]]></kwd>
<kwd lng="es"><![CDATA[criptomonedas]]></kwd>
<kwd lng="es"><![CDATA[índices bursátiles]]></kwd>
<kwd lng="es"><![CDATA[materias primas]]></kwd>
</kwd-group>
</article-meta>
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