investment strategies applied to Bitcoin. Our bubble model is defined as a geometric Brownian motion combined with separate crash …-free asset. Using our bubble model on Bitcoin from 8-Jul-2013 until 19-Dec-2017 would have generated a CAGR of 140% with a …We present a dynamic Rational Expectations (RE) bubble model of prices with the intention to evaluate it on optimal …

cryptocurrency market exhibits a high level of market connectedness. Bitcoin is a net transmitter of return spillovers during busts … and a net receiver during booms. Analysis of the timing of bubble and crash periods uncovers the presence of … interdependence and contagion effects. There is only limited evidence for asset rotation, and it involves mostly Ripple. Bubbles in …

address the existence of bubbles in the price dynamics of Bitcoins and other cryptoassets. Extremely rapid price accelerations …

to the study of Bitcoin and Ether, two of the most famous cryptocurrencies. Our bubble detection methodology combines the … and BSADF*). We find that, during the sample period 1st December 2016-16th January 2018, Bitcoin shows strong bubble … which is mainly driven by investor sentiment, becoming a potential source of financial bubbles and instabilities. In this …

The cryptocurrency Bitcoin has been prominently featured in the news recently. Its ascension in value has been nothing … short of extraordinary. This article briefly explains what Bitcoin is and how it works. The more challenging question is … what Bitcoin — this cryptographic breakthrough — really is: currency, like the U.S. dollar, an asset, more like gold, or …

The massive price bubbles of decentralized cryptocurrencies, such as Bitcoin, have created a puzzle for economists. How … can a non-revenue-generating asset exhibit such extreme price dynamics, forming multiple episodes of bubbles and crashes … pricing. In a controlled laboratory experiment, we observe that the formation of price bubbles can be causally attributed to …