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specifically for Bitcoin trading and later picked up by major bitcoin trading platforms …
Persistent link: https://www.econbiz.de/10013001746
Bitcoin emerged as a cryptocurrency relying on new blockchain technology in 2009, but how to regulate it was not … immediately clear. The recent emergence of bitcoin futures poses a new level of risk to the economy, again raising questions of … regulation. This is the first law review article to examine the potential regulatory regime for bitcoin futures …
Persistent link: https://www.econbiz.de/10012899959
Is Bitcoin the payment system of the future? This chapter argues that Bitcoin is neither a currency nor gold, but that … it is a tradable asset and an alternative form of investment. Bitcoin also exhibits some features as an investment asset … that are similar to collectibles. The true value of Bitcoin lies not in its speculative nature but in the embedded …
Persistent link: https://www.econbiz.de/10013404304
This paper sets out to explore the hedging capabilities of bitcoin by applying the asymmetric GARCH methodology used in … investigation of gold. The results show that bitcoin can clearly be used as a hedge against stocks in the Financial Times Stock … Exchange Index. Additionally bitcoin can be used as a hedge against the American dollar in the short-term. Bitcoin thereby …
Persistent link: https://www.econbiz.de/10011347560
Through the application of the VAR-AGARCH model to intra-day data for three cryp-tocurrencies (Bitcoin, Ethereum, and … period and the COVID-19 period. We also estimate the optimal weights, hedge ratios, and hedging effectiveness during both … sample periods. We find that the return spillovers vary across the two periods for the Bitcoin-Ethereum, Bitcoin …
Persistent link: https://www.econbiz.de/10012317582
Persistent link: https://www.econbiz.de/10014266383
This paper analyzes high-frequency estimates of good and bad realized volatility of Bitcoin. We show that volatility …
Persistent link: https://www.econbiz.de/10012392557
This paper examines the behaviour of Bitcoin returns and those of several other cryptocurrencies in the pre and post … period of the introduction of the Bitcoin futures market. We use the principal component-guided sparse regression (PC … important variable for Bitcoin for all periods, whereas for the other cryptocurrencies there are other variables that seem more …
Persistent link: https://www.econbiz.de/10012305140
This article examines the asymmetric volatility spillover effects between Bitcoin and alternative coin markets at the … "pump-and-dump schemes" in the crypto markets. To do that, we estimate the volatility spillovers from Bitcoin to altcoin and … the cryptos' own risk spillovers during bull and bear markets. The spillover results from Bitcoin to altcoin provide mixed …
Persistent link: https://www.econbiz.de/10014289747
This study examines whether Bitcoin, a digital decentralized currency, can become a viable alternative to fiat … currencies. Bitcoin currently does not fulfill the criteria of being a currency because it does not function as a medium of … exchange, a unit of account, and a store of value. Bitcoin's biggest obstacle from fulfilling these functions is the price …
Persistent link: https://www.econbiz.de/10012957332