| Author(s): |
prof. PhDr. Ladislav Krištoufek Ph.D.,
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| Type: |
Articles in journals with impact factor |
| Year: |
2023 |
| Number: |
0 |
| ISSN / ISBN: |
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| Published in: |
Finance Research Letters 51:103353 PDF |
| Publishing place: |
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| Keywords: |
cryptocurrencies, cryptoassets, Bitcoin, volatility, store of value |
| JEL codes: |
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| Suggested Citation: |
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| 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. |
