Analysis of factors influencing the price of the cryptocurrency Bitcoin
- The following study examines the influence selected variables have on the price of the cryptocurrency Bitcoin by utilizing a multiple linear regression model. Data of 267 observations for each variable during a five-year period from 13 August 2016 to 1 October 2021 are analyzed. The results present empirical evidence on the relationship of Bitcoin and external determinants such as traditional financial assets, in particular the stock market, the bond market, domestic currencies, the real estate market, gold, and the popularity of Bitcoin, represented by a Google Trends analysis. The findings imply that only the stock market and the real estate market proxies significantly influence the price of the cryptocurrency Bitcoin.
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- Analysis of factors influencing the price of the cryptocurrency Bitcoin
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| Author: | Mara Emma Sahr |
|---|---|
| URN: | https://urn:nbn:de:bsz:fn1-opus4-82012 |
| Advisor: | Uwe Hack |
| Document Type: | Bachelor Thesis |
| Language: | English |
| Year of Completion: | 2022 |
| Granting Institution: | Hochschule Furtwangen |
| Date of final exam: | 2022/02/28 |
| Release Date: | 2022/04/25 |
| Tag: | Bitcoin; Multiple linear regression |
| Page Number: | 53 |
| Degree Program: | IBM - International Business Management |
| Functional area: | Finance & Accounting |
| Open-Access-Status: | Closed Access |
| Licence (German): |  Urheberrechtlich geschützt |