The massive price bubbles of decentralized cryptocurrencies, such as Bitcoin, have created a puzzle for economists. How … pricing. In a controlled laboratory experiment, we observe that the formation of price bubbles can be causally attributed to … mining. Moreover, bubbles are more pronounced if the mining capacity is centralized to a small group of individuals. Analysis …

In this study, a mathematical model of proof-of-work cryptocurrency valuation is developed based on the concepts of … simultaneous equilibria in two mining games, the purchasing power parity in the system of equations of exchange and the network … process payments. The model lays the foundation for rigorous long-term proof-of-work cryptocurrency valuation superior to …

. This study uses VAR-OLS techniques to investigate the time-varying correlation between Bitcoin and three major European … robustness of our results, we also test the impact of government measures on Bitcoin and stock market indices and find that they … correlations between Bitcoin returns and the stock market, oil, and gold index returns, which have so far been unaddressed. …

This paper deals with cryptocurrency bubbles. First, it points out that a number of recent papers on cryptocurrency … presence of cryptocurrency bubbles or the fundamental value of cryptocurrencies is needless. Second, the paper conducts a short … bubbles are awed due to an insufficient consideration of the fundamental value of cryptocurrencies. As even fiat money is said …

Bitcoin has been described as a decentralized, partially anonymous, virtual currency, not backed by any government or … the behavior of the value of Bitcoins, forecast the Bitcoin value and compare it to the actual development …

Bitcoin is a decentralised cryptographic virtual currency scheme based on a peer-to-peer network that has attracted … its exchange rates in 2013-14. We debate whether bitcoin is a currency or commodity. By employing Perron (1997) unit root … tests, we investigate whether shocks in Bitcoin-USD exchange rate have a permanent effect or a transitory effect and try to …

social media and emerging trading applications on interactions among equity and cryptocurrency markets, and their potentially …

This paper deals with cryptocurrency bubbles. First, it points out that a number of recent papers on cryptocurrency … presence of cryptocurrency bubbles or the fundamental value of cryptocurrencies is needless. Second, the paper conducts a short … bubbles are awed due to an insufficient consideration of the fundamental value of cryptocurrencies. As even fiat money is said …

The 2017 bubble on the cryptocurrency market recalls our memory in the dot-com bubble, during which hard … impact of investor sentiment on cryptocurrency returns is conditional on bubble regimes …