Munich Personal RePEc Archive

What Does Crypto-currency Look Like? Gaining Insight into Bitcoin Phenomenon

Bouoiyour, Jamal and Selmi, Refk (2014): What Does Crypto-currency Look Like? Gaining Insight into Bitcoin Phenomenon.

This is the latest version of this item.

[thumbnail of MPRA_paper_58133.pdf]

Download (1MB) | Preview


The present paper seeks to effectively address the following question: What Bitcoin looks like? To do so, we regress Bitcoin price on a number of variables (Bitcoin fundamentals recorded in the literature) by applying an ARDL Bounds Testing approach for daily data covering the period from December 2010 to June 2014. Our findings highlight the speculative nature of Bitcoin. We also provide insightful evidence that Bitcoin may be used for economic reasons but there is any sign of being a safe haven or a long-term promise. By considering the Chinese trading bankruptcy, the contribution of users’ interest stills sharply dominant, indicating the robustness of our results.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.