The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
What Are the Main Drivers of the Bitcoin Price? Evidence from Wavelet Coherence Analysis
Open accessAbstract
The Bitcoin has emerged as a fascinating phenomenon in the Financial markets. Without any central authority issuing the currency, the Bitcoin has been associated with controversy ever since its popularity, accompanied by increased public interest, reached high levels. Here, we contribute to the discussion by examining the potential drivers of Bitcoin prices, ranging from fundamental sources to speculative and technical ones, and we further study the potential influence of the Chinese market. The evolution of relationships is examined in both time and frequency domains utilizing the continuous wavelets framework, so that we not only comment on the development of the interconnections in time but also distinguish between short-term and long-term connections. We find that the Bitcoin forms a unique asset possessing properties of both a standard financial asset and a speculative one.
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Cites
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Bitcoin and beyond: a technical survey on decentralized digital currencies
Tschorsch, F., & Scheuermann, B. (2016) · IEEE Communications Surveys & Tutorials · doi:10.1109/comst.2016.2535718 · Cited by 1,690
The role of bitcoin in well diversified portfolios: A comparative global study
Kajtazi, A., & Moro, A. (2019) · International Review of Financial Analysis · doi:10.1016/j.irfa.2018.10.003 · Cited by 271
The profitability of technical trading rules in the Bitcoin market
Gerritsen, D. F., Bouri, E., Ramezanifar, E., & Roubaud, D. (2020) · Finance Research Letters · doi:10.1016/j.frl.2019.08.011 · Cited by 103
Machine Learning Algorithm for Cryptocurrencies Price Prediction
Awotunde, J. B., Ogundokun, R. O., Jimoh, R. G., Misra, S., & Aro, T. O. (2021) · Studies in Computational Intelligence · doi:10.1007/978-3-030-72236-4_17 · Cited by 58
Digital art and non-fungible-token: Bubble or revolution?
Boido, C., & Aliano, M. (2023) · Finance Research Letters · doi:10.1016/j.frl.2022.103380 · Cited by 45
Metadata
- Authors
- Kristoufek, L.
- Venue
- PLOS ONE
- Publisher
- Public Library of Science (PLoS)
- Published
- 2015-04-15
- Volume
- 10
- Issue
- 4
- Pages
- e0123923
- ISSN
- 1932-6203 (ISSN-L)
- OpenAlex
- W2162338668
- Cited by
- 987
- References
- 2
- FWCI
- 124.13
- Type
- journal article
- Language
- en
- Open access
- gold
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