Bitcoin market capitalization has recently surpassed $1 trillion. According to the popular belief one of the key characteristics of bitcoin is its excessive volatility. This paper provides evidence that high volatility of bitcoin is largely a misperception. We show that bitcoin return...

This paper investigates the emerging segment of the cryptocurrency market related to football fan tokens (FFT) – digital assets used for engagement with professional football clubs around the world. More specifically, we study investability of FFT from the perspective of risk and performance....