Eng-Tuck Cheah
Speculative bubbles in Bitcoin markets? An empirical investigation into the fundamental value of Bitcoin
Cheah, Eng-Tuck; Fry, John
Abstract
Amid its rapidly increasing usage and immense public interest the subject of Bitcoin has raised profound economic and societal issues. In this paper we undertake economic and econometric modelling of Bitcoin prices. As with many asset classes we show that Bitcoin exhibits speculative bubbles. Further, we find empirical evidence that the fundamental price of Bitcoin is zero.
Citation
Cheah, E., & Fry, J. (2015). Speculative bubbles in Bitcoin markets? An empirical investigation into the fundamental value of Bitcoin. Economics letters, 130, 32-36. https://doi.org/10.1016/j.econlet.2015.02.029
Journal Article Type | Article |
---|---|
Acceptance Date | Feb 19, 2015 |
Online Publication Date | Feb 27, 2015 |
Publication Date | 2015-05 |
Deposit Date | Feb 4, 2022 |
Journal | Economics letters |
Print ISSN | 0165-1765 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 130 |
Pages | 32-36 |
DOI | https://doi.org/10.1016/j.econlet.2015.02.029 |
Keywords | Bitcoin; Cryptocurrencies; Bubbles; Econophysics |
Public URL | https://hull-repository.worktribe.com/output/3921005 |
Related Public URLs | https://eprints.whiterose.ac.uk/84108/ |
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