BTC price volatility: Fundamentals versus information

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dc.contributor.authorAdedeji Daniel Gbadebo
dc.contributor.authorAhmed Oluwatobi Adekunle
dc.contributor.authorWole Adedokun
dc.contributor.authorLukman Adebayo-Oke Abdulrauf
dc.contributor.authorJoseph Akande
dc.date.accessioned2025-02-13T09:00:34Z
dc.date.available2025-02-13T09:00:34Z
dc.date.issued2021
dc.description.abstractThis paper offers a plausible response to “what explains the sporadic volatility in the price of Bitcoin?” We hypothesized that market “fundamentals” and “information demands” are key drivers of Bitcoin’s unpredictable price fluctuation. We adopt the transfer-function [Autoregressive Distributed Lag, ARDL] model and its Bounds testing approach to verify how the volatility of the price of Bitcoin responds to its transaction volume, cryptocurrency market capitalisation, world market equity index and Google search. We found the existence of long-run coin tegration relation and observed that all the variables except the equity index positively explain the volatility of Bitcoin price. The result established evidence that market fundamentals drive erratic swing in Bitcoin price than information.
dc.identifier.doi10.1080/23311975.2021.1984624
dc.identifier.issn2331-1975
dc.identifier.urihttps://kwasuspace.kwasu.edu.ng/handle/123456789/4372
dc.language.isoen
dc.publisherCogent Business & Management
dc.relation.ispartofCogent Business & Management
dc.relation.ispartofseriesVol. 8, No. 1
dc.titleBTC price volatility: Fundamentals versus information
dc.typejournal-article
oaire.citation.issue1
oaire.citation.volume8
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