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AN ANALYSIS ON BITCOIN VOLATILITY: EXAMINING THE DRIVERS BEHIND BITCOIN PRICE

by Tran, Quang Vinh

Creator
  • Tran, Quang Vinh
Date Created
2019-03-13T17:20:15.720607
Date Issued
2019-05
Place
Colorado Springs, Colorado
Language
  • English
Subject
Topic
Genre
  • thesis
Abstract

Bitcoin was introduced after 2008 financial crisis as a more secure form of currency, however its volatility within the past decade has shown that Bitcoin’s price fluctuation can be caused by multiple factors. This study aims to examine the drivers that caused Bitcoin’s price to fluctuate as well as predict how these drivers impact Bitcoin’s future. This study conducts an OLS regression model analysis to test for a correlation between Bitcoin’s historical price and historical prices of Ripple (XRP), Ethereum (ETH), the U.S. Dollar (USD), Gold (by the ounce), Google Trends data, as well as a regulation &policy timeline. What was concluded is that all these chosen variables, with the exception of Gold, proved to have a statistically significant correlation with Bitcoin price.Furthermore, both federal and state regulations also played a significant role in drivingBitcoin prices.

Note

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Includes bibliographical references.

Administrative Notes

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Copyright
Copyright restrictions apply.
Publisher
Colorado College Tutt Library
PID
coccc:31028
Digital Origin
born digital
Extent
41 pages : illustrations
Thesis
Senior Thesis -- Colorado College
Thesis Advisor
Katrina Miller-Stevens
Department/Program
Economics and Business
Degree Name
Bachelor of Arts
Degree Type
bachelor
Degree Grantor
Colorado College Tutt Library
Date Issued
2019-05