Iltas, Yuksel; Ucler, Gulbahar; Bulut, Umit - In: Blockchain economics and financial market innovation : …, (pp. 191-200). 2019
The purpose of this study is to examine whether the weak form of the efficient market hypothesis (EMH) is valid for the Bitcoin market. To that end, we consider the recent developments in unit root analysis utilizing daily data from February 2, 2012 to November 23, 2018. More specifically, we...