This paper develops a microeconomic model of bitcoin production to analyze the economic effects of the Bitcoin protocol …. I view the bitcoin as a tradable commodity that is produced by miners and whose supply is managed by the protocol. The … findings show that bitcoin's volatile price path and inefficiency are related, and that both are a consequence of the protocol …

This paper develops a microeconomic model of bitcoin production to analyze the economic effects of the Bitcoin protocol …. I view the bitcoin as a tradable commodity that is produced by miners and whose supply is managed by the protocol. I … show that bitcoin's volatile price path and inefficiency are related, and that both are a consequence of the protocol …

We examine the existence and dates of pricing bubbles in Bitcoin and Ethereum, two popular cryptocurrencies using the … conclusion is that there are periods of clear bubble behaviour, with Bitcoin now almost certainly in a bubble phase … derived ratios that are economically and computationally sensible, we use these variables to detect and datestamp bubbles. Our …

The report examines the performance of 5 cryptocurrencies namely Binance Coin, Zcash, EOS, Digibyte, Ethereum Classic … over the time series starting from Aug 2017 to Aug 2020 linking the bubble formation and volatility space with the … observed that there is a bubble in all the cryptocurrencies from 2017 to 2020. This study also proved that bad news has more …