What predicts returns on assets with "hard-to-value" fundamentals, such as Bitcoin and stocks in new industries? We … document that ratios of prices to their moving averages forecast daily Bitcoin returns in- and out-of sample. Trading …

social media and emerging trading applications on interactions among equity and cryptocurrency markets, and their potentially …

, trade across multiple spot exchanges at different prices, and futures contracts were selectively introduced on bitcoin (BTC … bitcoin spot market by making the underlying prices more informative. …

The wallets with the largest volume of transactions on the Bitcoin blockchain are gaming applications. We use the … historical gaming transaction data of Bitcoin holders, extracted directly from the blockchain, to measure risk-loving (lottery … coincides with a significant decrease in the proportion of Bitcoin transactions involved in gambling and aligns with other work …

regressions show that Bitcoin premia, turnovers, and Web traffic on cryptocurrency exchanges all increase with economic policy …This paper uncovers a novel phenomenon, flight-to-Bitcoin, during periods of heightened policy uncertainties. Panel …

This article examines the pricing efficiency of Bitcoin Investment Trust. We investigate the deviation between prices …

identify disruption style stocks by their extreme return sensitivity to Bitcoin returns during the 2010 to 2019 period. These …

This paper examines the volatility of Bitcoin as well as shedding light on the forecasting ability of GARCH models and … HAR models in the Bitcoin market. We find no evidence of the leverage effect in Bitcoin and that the HAR models are … superior in modelling Bitcoin volatility to traditional GARCH models. We also find that the inclusion of the jumps and the …

Investor and media attention in Bitcoin has increased substantially in recently years, reflected by the incredible … surge in news articles and considerable rise in the price of Bitcoin. Given the increased attention, there little is known … about the behaviour of Bitcoin prices and therefore we add to the literature by studying price clustering. We find …

and a lack of understanding of this cryptocurrency. We add to the literature on Bitcoin by studying the market efficiency …Bitcoin has received much attention in the media and by investors in recent years, although there remains scepticism … of Bitcoin. Through a battery of robust tests, evidence reveals that returns are significantly inefficient over our full …