Date of Submission
Spring 2018
Academic Programs and Concentrations
Economics
Project Advisor 1
Felipe Rezende
Abstract/Artist's Statement
In the midst of financial turmoil in 2008, the pseudonymous savant named ’Satoshi Nakamoto’ introduced world’s first decentralized peer-to-peer payment system, Bitcoin. Whilst, this nascent innovation is seldom regarded as a ”currency”, its potential use as a medium of exchange remains negligible. This paper examines the interdependencies among various determinants of Bitcoin price, in an attempt to identify some truth about its value. The findings from our Vector Autoregressive(VAR) model suggest that the there exists a bidirectional granger-causality relationship between the Bitcoin price and search query volume.
Open Access Agreement
On-Campus only
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Recommended Citation
Maeda, Ayateru, "Analyzing Bitcoin Price and Investor Attractiveness" (2018). Senior Projects Spring 2018. 95.
https://digitalcommons.bard.edu/senproj_s2018/95
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