In this paper we analyze dynamic demand elasticity for Bitcoin and Ethereum in terms of price, transaction fees, and … energy usage. We find that while both BTC and ETH have significantly positive price elasticities, transaction fee elasticity …

In this paper we analyze dynamic demand elasticity for Bitcoin and Ethereum in terms of price, transaction fees, and … energy usage. We find that while both BTC and ETH have significantly positive price elasticities, transaction fee elasticity …

, demand, and market value of such currencies? The literature has posited hashrate, the speed of computations in Bitcoin mining … production) has no effect on either demand or price of Bitcoin. Instead, we find that the demand for Bitcoin and 19 other … the need for competing currencies, and the usage of Bitcoin is high in countries where the fiat currency has experienced …

This is the first paper that explores lottery-like demand in cryptocurrency markets. Since recent research provides … evidence that cryptocurrency returns are rather short-memory processes in their nature, we modify Bali et al.'s (2011, 2017 … dependency structures in the cryptocurrency data. Our results show that average raw and risk adjusted return differences between …

a mechanism to move value across the Internet. Taking the classic cryptocurrency Bitcoin as an example, this Note calls …-based network — cryptocurrency — that has garnered attention from central bankers to investors. It has the potential to function as … for regulators in China to act proactively in a non-intrusive and timely manner in the area of cryptocurrency, in order to …