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The determinants of crypto currency price: the case of Bitcoin

Woo, Xue Ling and Boon, Kar Kei and Chee, Pei Jin and Ngee, Zing Yi and Wong, Ke Sin (2019) The determinants of crypto currency price: the case of Bitcoin. Final Year Project, UTAR.

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    Abstract

    This study examines the relationship between the determinants that will affect on the price formation of Bitcoin from period year 2016 Aug 2 to 2018 May 30, which consist of daily data of 239 observations. A theoretical framework is constructed to test on the relationship between the Bitcoin Price determinants with the independent variables which are computational power of Bitcoin miners (hash rate), gold prices, velocity of Bitcoin in circulation (demand-supply fundamentals) and the price of Ethereum as a substitution coin. Autoregressive Distributed Lag (ARDL) is adapted to test on the long run relationship between the determinants. Besides, causality direction, dynamic stability and shocks of the empirical model are examined in this study.

    Item Type: Final Year Project / Dissertation / Thesis (Final Year Project)
    Subjects: H Social Sciences > HG Finance
    Divisions: Faculty of Business and Finance > Bachelor of Business Administration (Hons) Banking & Finance
    Depositing User: ML Main Library
    Date Deposited: 03 Sep 2019 23:00
    Last Modified: 03 Sep 2019 23:00
    URI: http://eprints.utar.edu.my/id/eprint/3565

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