Topic: Price and use of Bitcoin - page 2. (Read 2465 times)
Poor, poor academics. They were trying to correlate BTC price with a few variables like news mentions and Google searches when the only advice anyone needs is HODL.
A new scientific paper describing what drives Bitcoin price and what types of merchants want to adopt it is downloadable here:
http://ssrn.com/abstract=2516754
Abstract:
This paper empirically examines Bitcoin – one of the latest innovations in electronic finance. By focusing on price formation we discover that Bitcoin returns are driven primarily by its popularity and the transactional needs of its users. We also conducted a survey of merchants who have adopted this technology and model the share of sales paid for with this alternative currency. Particularly, we look at how company-specific characteristics, use of other payment methods and customers’ knowledge about Bitcoin interact with the proportion of sales attributed. The results presented here allow us to better understand the economic ramifications of this innovation.
http://ssrn.com/abstract=2516754
Abstract:
This paper empirically examines Bitcoin – one of the latest innovations in electronic finance. By focusing on price formation we discover that Bitcoin returns are driven primarily by its popularity and the transactional needs of its users. We also conducted a survey of merchants who have adopted this technology and model the share of sales paid for with this alternative currency. Particularly, we look at how company-specific characteristics, use of other payment methods and customers’ knowledge about Bitcoin interact with the proportion of sales attributed. The results presented here allow us to better understand the economic ramifications of this innovation.
If they want to know more, they should just come over here.
A new scientific paper describing what drives Bitcoin price and what types of merchants want to adopt it is downloadable here:
http://ssrn.com/abstract=2516754
Abstract:
This paper empirically examines Bitcoin – one of the latest innovations in electronic finance. By focusing on price formation we discover that Bitcoin returns are driven primarily by its popularity and the transactional needs of its users. We also conducted a survey of merchants who have adopted this technology and model the share of sales paid for with this alternative currency. Particularly, we look at how company-specific characteristics, use of other payment methods and customers’ knowledge about Bitcoin interact with the proportion of sales attributed. The results presented here allow us to better understand the economic ramifications of this innovation.
http://ssrn.com/abstract=2516754
Abstract:
This paper empirically examines Bitcoin – one of the latest innovations in electronic finance. By focusing on price formation we discover that Bitcoin returns are driven primarily by its popularity and the transactional needs of its users. We also conducted a survey of merchants who have adopted this technology and model the share of sales paid for with this alternative currency. Particularly, we look at how company-specific characteristics, use of other payment methods and customers’ knowledge about Bitcoin interact with the proportion of sales attributed. The results presented here allow us to better understand the economic ramifications of this innovation.
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