-price monetary model to investigate any characteristics of Bitcoin like a currency. The dynamics is driven by an asymmetric mean … (Australian dollar and Canadian dollar) in currency option markets. The analysis shows that the Bitcoin exchange rate shares some … characteristics of commodity currencies with crash risk. This suggests that Bitcoin behaves as a currency between fiat money and a …

-price monetary model to investigate any characteristics of Bitcoin like a currency. The dynamics is driven by an asymmetric mean … (Australian dollar and Canadian dollar) in currency option markets. The analysis shows that the Bitcoin exchange rate shares some … characteristics of commodity currencies with crash risk. This suggests that Bitcoin behaves as a currency between fiat money and a …

Cryptocurrencies, such as Bitcoin, have ignited intense discussions. Despite receiving extensive public attention … rates against traditional currencies. In this paper, we conduct a theory-driven empirical study of the Bitcoin exchange rate … separated by the closure of Mt. Gox (one of the largest Bitcoin exchange markets). According to our analysis, in the short term …