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]
< Leer menos
Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi]
Idioma
EN
Article de revue
Este ítem está publicado en
Journal of Quantitative Finance and Economics. 2021, vol. 3, n° 2, p. 169-183
Resumen en inglés
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 ...Leer más >
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.< Leer menos
Palabras clave en inglés
Bitcoin
Ether
Ripple
Tether
Crypto-asset
Asset pricing
Price manipulation
Centros de investigación