Price Determinants of Bitcoin

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dc.contributor.advisorBohn, F.
dc.contributor.authorPrins, Robbert
dc.date.issued2018-06-22
dc.description.abstractThis study examines which factors determine the market price of Bitcoin. The link between economic, technical and sentiment related variables and the market price of Bitcoin is analyzed by using time series data from Blockchain.info and Thomson Reuters from 2011-2018. Using an Autoregressive-Distributed lag (ARDL) model and a Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model of order (2,1) with an Autoregressive term of order (1), the results show that a positive link exists between total number of Bitcoin transactions, Bitcoin exchange trading volume, the Shanghai Stock Exchange Composite Index and the sentiment indices provided by Thomson Reuters MarketPsych and FinSentS.en_US
dc.embargo.lift10000-01-01
dc.embargo.typePermanent embargoen_US
dc.identifier.urihttp://theses.ubn.ru.nl/handle/123456789/5857
dc.language.isoenen_US
dc.thesis.facultyFaculteit der Managementwetenschappenen_US
dc.thesis.specialisationCorporate Finace & Controlen_US
dc.thesis.studyprogrammeMaster Economicsen_US
dc.thesis.typeMasteren_US
dc.titlePrice Determinants of Bitcoinen_US
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