Exploring the relationship between Bitcoin price and network's hashrate within endogenous system
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F22%3A10450290" target="_blank" >RIV/00216208:11230/22:10450290 - isvavai.cz</a>
Výsledek na webu
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=c1ZVuhwZZm" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=c1ZVuhwZZm</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.irfa.2022.102375" target="_blank" >10.1016/j.irfa.2022.102375</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Exploring the relationship between Bitcoin price and network's hashrate within endogenous system
Popis výsledku v původním jazyce
Bitcoin pricing mechanism is a complex system of interactions between factors that are not standard for traditional financial assets. Its understanding is essential for assessing specific topics, most prominently the interaction between Bitcoin price and network's hashrate as it directly translates into its power demand and consumption and thus also environmental implications. We examine an intertwined system of equations, controlling for various statistical caveats connected to such system, providing a coherent picture of the system dynamics and thus delivering the most rigorous and complex approach in explaining the pricing dynamics of the Bitcoin system up to date. We shown that the whole system is very well structured and delivers economically and logically sound results, pointing at the network security narrative in the Bitcoin price-hashrate nexus.
Název v anglickém jazyce
Exploring the relationship between Bitcoin price and network's hashrate within endogenous system
Popis výsledku anglicky
Bitcoin pricing mechanism is a complex system of interactions between factors that are not standard for traditional financial assets. Its understanding is essential for assessing specific topics, most prominently the interaction between Bitcoin price and network's hashrate as it directly translates into its power demand and consumption and thus also environmental implications. We examine an intertwined system of equations, controlling for various statistical caveats connected to such system, providing a coherent picture of the system dynamics and thus delivering the most rigorous and complex approach in explaining the pricing dynamics of the Bitcoin system up to date. We shown that the whole system is very well structured and delivers economically and logically sound results, pointing at the network security narrative in the Bitcoin price-hashrate nexus.
Klasifikace
Druh
J<sub>imp</sub> - Článek v periodiku v databázi Web of Science
CEP obor
—
OECD FORD obor
50201 - Economic Theory
Návaznosti výsledku
Projekt
—
Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2022
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
International Review of Financial Analysis
ISSN
1057-5219
e-ISSN
1873-8079
Svazek periodika
84
Číslo periodika v rámci svazku
November 2022
Stát vydavatele periodika
NL - Nizozemsko
Počet stran výsledku
9
Strana od-do
102375
Kód UT WoS článku
000868950000007
EID výsledku v databázi Scopus
2-s2.0-85139004871