Univrsity Of Tehran Press Journal of Information Technology Management 2980-7972 11 3 2019 09 01 The Future of Bitcoin as a Tool for Financial Development 1 15 74291 10.22059/jitm.2019.74291 EN Rafaa Ibrahim Al-Hamdani Assistant Professor, College of Business and Economics, University of Mosul, Iraq. Laila Abdul Karim Mohammed Assistant Professor, College of Business and Economics, University of Mosul, Iraq. Jamal Hadash Mohammed Assistant Professor, College of Business and Economics, Tikrit University, Iraq. Journal Article 2019 12 24 The purpose of research is focused on the insight into the future of Bitcoin on the financial situation, its implications and challenges. The problem of study is to investigate how to deal with a new type of digital currencies (such Bitcoin) that does not have a physical presence and there is no specific body to issue. Thus, this study aims to identify the nature of Bitcoin currency and what are the challenges associated with it as well as exchange rates with some currencies, as the research hypothesized the main hypothesis that Bitcoin will contribute to financial development in the future, the research also used the analytical rooted approach to present concepts and data, using financial technical analysis to display the results The research also came up with a number of conclusions and recommendations. The results of paper significantly contribute to the literature through providing evidence from financial data of Bitcoin. https://jitm.ut.ac.ir/article_74291_0a5726c64fd66f502ae8e1f5497dfecc.pdf