What Are the Main Drivers of the Bitcoin Price? Evidence from Wavelet Coherence Analysis
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F15%3A00452318" target="_blank" >RIV/67985556:_____/15:00452318 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11230/15:10295820
Result on the web
<a href="http://dx.doi.org/10.1371/journal.pone.0123923" target="_blank" >http://dx.doi.org/10.1371/journal.pone.0123923</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1371/journal.pone.0123923" target="_blank" >10.1371/journal.pone.0123923</a>
Alternative languages
Result language
angličtina
Original language name
What Are the Main Drivers of the Bitcoin Price? Evidence from Wavelet Coherence Analysis
Original language description
The Bitcoin has emerged as a fascinating phenomenon in the Financial markets. Without any central authority issuing the currency, the Bitcoin has been associated with controversy ever since its popularity, accompanied by increased public interest, reached high levels. Here, we contribute to the discussion by examining the potential drivers of Bitcoin prices, ranging from fundamental sources to speculative and technical ones, and we further study the potential influence of the Chinese market. The evolution of relationships is examined in both time and frequency domains utilizing the continuous wavelets framework, so that we not only comment on the development of the interconnections in time but also distinguish between short-term and long-term connections. We find that the Bitcoin forms a unique asset possessing properties of both a standard financial asset and a speculative one.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GBP402%2F12%2FG097" target="_blank" >GBP402/12/G097: DYME-Dynamic Models in Economics</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
PLoS ONE
ISSN
1932-6203
e-ISSN
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Volume of the periodical
10
Issue of the periodical within the volume
4
Country of publishing house
US - UNITED STATES
Number of pages
15
Pages from-to
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UT code for WoS article
000353015800124
EID of the result in the Scopus database
2-s2.0-84928818221