Pregled bibliografske jedinice broj: 1172528
The Impact of Unsystematic Factors on Bitcoin Value
The Impact of Unsystematic Factors on Bitcoin Value // Journal of Risk and Financial Management, 14 (2021), 11; 546, 17 doi:10.3390/jrfm14110546 2. (međunarodna recenzija, članak, znanstveni)
CROSBI ID: 1172528 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
The Impact of Unsystematic Factors on Bitcoin Value
Autori
Merkaš, Zvonko ; Roška, Vlasta
Izvornik
Journal of Risk and Financial Management (1911-8074) 14
(2021), 11;
546, 17
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
: Bitcoin (BTC) ; Stock-to-Flow (S2F) ; S2FX ; unsystematic factors
Sažetak
The results of empirical analyses confirm that analysed unsystematic factors, the Stockto-Flow index (S2F), and information on the Bitcoin (BTC) are directly correlated with BTC values. These results are expected and in line with the economic theory ; however, this research paper aimed to investigate the impact of unsystematic factors on the value of decentralised virtual cryptocurrency BTC. Its aim was also to analyse the reasons for significant oscillations of market values in relation to the S2F and S2FX model and thus confirm the reliability of these models in the estimation of BTC value. The research further confirms the strong influence of non-technical information directly linked with the BTC. The limitations of this paper are the lack of possibilities for examining the impact of non-technical information affecting the Bitcoin price deviation regarding the S2F model. In addition to all mentioned limitations, the research results indicate the relevance of the S2F and S2FX models and show a strong impact of (half) the information on the value of cryptocurrencies.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
Citiraj ovu publikaciju:
Časopis indeksira:
- Web of Science Core Collection (WoSCC)
- Emerging Sources Citation Index (ESCI)
- EconLit
