The determinants of crypto currency price: the case of Bitcoin
This study examines the relationship between the determinants that will affect on the price formation of Bitcoin from period year 2016 Aug 2 to 2018 May 30, which consist of daily data of 239 observations. A theoretical framework is constructed to test on the relationship between the Bitcoin Price d...
| Main Authors: | , , , , |
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| Format: | Final Year Project / Dissertation / Thesis |
| Published: |
2019
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| Subjects: | |
| Online Access: | http://eprints.utar.edu.my/3565/ http://eprints.utar.edu.my/3565/1/fyp_BF_2019_WXL.pdf |
| _version_ | 1848885935121367040 |
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| author | Woo, Xue Ling Boon, Kar Kei Chee, Pei Jin Ngee, Zing Yi Wong, Ke Sin |
| author_facet | Woo, Xue Ling Boon, Kar Kei Chee, Pei Jin Ngee, Zing Yi Wong, Ke Sin |
| author_sort | Woo, Xue Ling |
| building | UTAR Institutional Repository |
| collection | Online Access |
| description | This study examines the relationship between the determinants that will affect on the price formation of Bitcoin from period year 2016 Aug 2 to 2018 May 30, which consist of daily data of 239 observations. A theoretical framework is constructed to test on the relationship between the Bitcoin Price determinants with the independent variables which are computational power of Bitcoin miners (hash rate), gold prices, velocity of Bitcoin in circulation (demand-supply fundamentals) and the price of Ethereum as a substitution coin. Autoregressive Distributed Lag (ARDL) is adapted to test on the long run relationship between the determinants. Besides, causality direction, dynamic stability and shocks of the empirical model are examined in this study. |
| first_indexed | 2025-11-15T19:30:30Z |
| format | Final Year Project / Dissertation / Thesis |
| id | utar-3565 |
| institution | Universiti Tunku Abdul Rahman |
| institution_category | Local University |
| last_indexed | 2025-11-15T19:30:30Z |
| publishDate | 2019 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | utar-35652019-09-03T15:00:51Z The determinants of crypto currency price: the case of Bitcoin Woo, Xue Ling Boon, Kar Kei Chee, Pei Jin Ngee, Zing Yi Wong, Ke Sin HG Finance This study examines the relationship between the determinants that will affect on the price formation of Bitcoin from period year 2016 Aug 2 to 2018 May 30, which consist of daily data of 239 observations. A theoretical framework is constructed to test on the relationship between the Bitcoin Price determinants with the independent variables which are computational power of Bitcoin miners (hash rate), gold prices, velocity of Bitcoin in circulation (demand-supply fundamentals) and the price of Ethereum as a substitution coin. Autoregressive Distributed Lag (ARDL) is adapted to test on the long run relationship between the determinants. Besides, causality direction, dynamic stability and shocks of the empirical model are examined in this study. 2019-04-04 Final Year Project / Dissertation / Thesis NonPeerReviewed application/pdf http://eprints.utar.edu.my/3565/1/fyp_BF_2019_WXL.pdf Woo, Xue Ling and Boon, Kar Kei and Chee, Pei Jin and Ngee, Zing Yi and Wong, Ke Sin (2019) The determinants of crypto currency price: the case of Bitcoin. Final Year Project, UTAR. http://eprints.utar.edu.my/3565/ |
| spellingShingle | HG Finance Woo, Xue Ling Boon, Kar Kei Chee, Pei Jin Ngee, Zing Yi Wong, Ke Sin The determinants of crypto currency price: the case of Bitcoin |
| title | The determinants of crypto currency price: the case of Bitcoin |
| title_full | The determinants of crypto currency price: the case of Bitcoin |
| title_fullStr | The determinants of crypto currency price: the case of Bitcoin |
| title_full_unstemmed | The determinants of crypto currency price: the case of Bitcoin |
| title_short | The determinants of crypto currency price: the case of Bitcoin |
| title_sort | determinants of crypto currency price: the case of bitcoin |
| topic | HG Finance |
| url | http://eprints.utar.edu.my/3565/ http://eprints.utar.edu.my/3565/1/fyp_BF_2019_WXL.pdf |