Will Bitcoin ever become less volatile?

【Author】 Kristoufek, Ladislav

【Source】FINANCE RESEARCH LETTERS

【影响因子】9.848

【Abstract】We examine the drivers of Bitcoin volatility and discuss possible future developments, specifically what conditions need to be met for the volatility to decrease. Our instrumental variables analysis implies there needs to be a considerable inflow of small users into the system who are ideally not exchange traders and they do perform small transfers. Increasing exchange volume, on-chain transfers value, and Bitcoin price by themselves increase volatility of the cryptoasset.

【Keywords】Cryptocurrencies; Cryptoassets; Bitcoin; Volatility; Store of value

【发表时间】2023 JAN

【收录时间】2023-01-18

【文献类型】观点阐述

【主题类别】

区块链治理-市场治理-数字货币