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 …

Metcalfe’s law for Bitcoin is questionable. According to the bidirectional causality between the price and the network size …, the expected price increase is a driver for more investors to join the Bitcoin network, which may lead in the end to a … super-exponential price growth, possibly due to a herding behaviour of investors. The authors then used LPPL models to …

Metcalfe's law for Bitcoin is questionable. As the results showed a potential for herding behaviour, the authors then used LPPL …

growth and price of bitcoin and other cryptocurrencies are likely to proceed according to a relatively straightforward … considerable effect on the long-term price of bitcoin … value, and use Bitcoin, Facebook as numerical examples of the proof. There is compelling evidence that suggests that the …

all network participants. We calculate the economic impact of competing coins (“altcoins”) on Bitcoin's value and find … the percent change in users. In the four currencies we studied, we found that without exception, price sensitivity to … network size dominates transaction activity as a price driver in at least three of four coins examined. Value is impacted …

Bitcoin is traded in a number of exchanges, and there is a large and time-varying price dispersion among them. We …. Using weekly data over the past 3 years, we find that shocks to transaction fees and bitcoin price growth explain on average … identify the sources of price dispersion using a standard time-varying vector auto-regression model with stochastic volatility …

results show that both terrorist incidents and brutality may explain Bitcoin price, but their effects are slightly different …. Compared to terrorist brutality, terrorist incidents have a weaker impact on Bitcoin price, showing that Bitcoin investors are … more concerned about the number of deaths than the frequency of terrorist attacks. In turn, the impact of Bitcoin price on …

investment strategies applied to Bitcoin. Our bubble model is defined as a geometric Brownian motion combined with separate crash …, which itself grows with the bubble mispricing: hence, the larger the bubble price, the larger its subsequent growth rate. We …-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 …

finally discuss feasible mechanisms to regulate them. Latest estimates show that Bitcoin mining consumes roughly the same … externalities are Bitcoin’s electricity-intensive consensus protocol and Bitcoin prices, which directly influence mining incentives … significant environmental externalities created by Proof-of-Work (PoW) cryptocurrencies, the most prominent of which is Bitcoin …