Datestamping the Bitcoin and Ethereum bubbles
TLDR
This paper examined the existence and dates of pricing bubbles in Bitcoin and Ethereum, two popular cryptocurrencies using the (Phillips et al., 2011) methodology and concluded that Bitcoin is almost certainly in a bubble phase.About:
This article is published in Finance Research Letters.The article was published on 2017-12-01 and is currently open access. It has received 386 citations till now.read more
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Cryptocurrencies as a financial asset: A systematic analysis
TL;DR: A systematic review of the empirical literature based on the major topics that have been associated with the market for cryptocurrencies since their development as a financial asset in 2009 is presented in this article, where the authors provide a systematic analysis of the main topics that influence the perception of cryptocurrencies as a credible investment asset class and legitimate of value.
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Safe haven or risky hazard? Bitcoin during the Covid-19 bear market
Thomas Conlon,Richard McGee +1 more
TL;DR: It is shown that Bitcoin does not act as a safe haven, instead decreasing in price in lockstep with the S&P 500 as the crisis develops, and cast doubt on the ability of Bitcoin to provide shelter from turbulence in traditional markets.
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Does economic policy uncertainty predict the Bitcoin returns? An empirical investigation
TL;DR: In this article, the prediction power of the economic policy uncertainty (EPU) index on the daily Bitcoin returns was analyzed using the Bayesian Graphical Structural Vector Autoregressive model as well as the Ordinary Least Squares and the Quantile-on-Quantile Regression estimations.
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Are cryptocurrencies a safe haven for equity markets? An international perspective from the COVID-19 pandemic
TL;DR: As Tether successfully maintained its peg to the US dollar during the COVID-19 turmoil, it acted as a safe haven investment for all of the international indices examined.
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Is Bitcoin a hedge or safe haven for currencies? An intraday analysis
Andrew Urquhart,Hanxiong Zhang +1 more
TL;DR: In this paper, the authors investigated whether Bitcoin can act as a hedge or safe haven against world currencies and found that Bitcoin is a safe haven during periods of extreme market turmoil for the CAD, CHF and GBP.
References
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Stock Prices and Social Dynamics
TL;DR: In this paper, a model of the impact of such fashions on prices is proposed and used in an exploratory data analysis of the aggregate United States Stock Market in the 20th century.
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Speculative bubbles in Bitcoin markets? An empirical investigation into the fundamental value of Bitcoin
Eng-Tuck Cheah,John Fry +1 more
TL;DR: In this article, economic and econometric modelling of Bitcoin prices is presented. And they show that Bitcoin exhibits speculative bubbles and find empirical evidence that the fundamental price of Bitcoin is zero.
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EXPLOSIVE BEHAVIOR IN THE 1990s NASDAQ: WHEN DID EXUBERANCE ESCALATE ASSET VALUES? *
TL;DR: In this paper, a recursive test procedure is suggested that provides a mechanism for testing explosive behavior, date-stamping the origination and collapse of economic exuberance, and providing valid confidence intervals for explosive growth rates.
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Bubbles and crashes
TL;DR: In this paper, the authors present a model in which an asset bubble can persist despite the presence of rational arbitrageurs, and the model also provides a natural setting in which news events, by enabling synchronization, can have a disproportionate impact relative to their intrinsic informational content.
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Bitcoin: economics, technology, and governance
TL;DR: The Bitcoin protocol as mentioned in this paper is an online communication protocol that facilitates the use of virtual currency, including electronic payments, and allows for irreversible transactions, a prescribed path of money creation over time, and a public transaction history.
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