How to Explain the Price of Bitcoin?
FIGUET, Jean-Marc
Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi]
Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi]
FIGUET, Jean-Marc
Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi]
< Réduire
Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi]
Langue
EN
Article de revue
Ce document a été publié dans
Journal of Quantitative Finance and Economics. 2021, vol. 3, n° 2, p. 169-183
Résumé en anglais
Bitcoin price is still a puzzle, despite the highly evolving literature on this topic. This paper tries to identify some variables to explain the evolution of bitcoin price. We show that macroeconomic variables and Google ...Lire la suite >
Bitcoin price is still a puzzle, despite the highly evolving literature on this topic. This paper tries to identify some variables to explain the evolution of bitcoin price. We show that macroeconomic variables and Google searches tend not to account for bitcoin price any more. We are therefore interested in variables specific to the crypto-assets ecosystem: volumes of ether, ripple and tether. The negative relationship between bitcoin price and these volumes shows that these crypto-assets are probably used for price manipulation or pump and dump activities on the bitcoin market.< Réduire
Mots clés en anglais
Bitcoin
Ether
Ripple
Tether
Crypto-asset
Asset pricing
Price manipulation