Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 57 , 05 January 2024
Open
Access | Article
Stock Prices and Bitcoin Prices: A VAR Model
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Abstract
The rapid rise of Bitcoin, a decentralized digital currency, has attracted significant attention from investors, researchers, and policymakers alike. The relationship between traditional stock prices and Bitcoin prices has garnered considerable attention in recent years. This research paper aims to explore the interconnections and dynamics between stock prices and Bitcoin prices by employing a Vector Autoregression (VAR) model. The study utilizes a comprehensive dataset spanning a specific time period, encompassing daily or monthly observations of stock prices and Bitcoin prices. The VAR model allows for the analysis of the joint behavior of these variables, capturing both short and long-term relationships, showing the effects of stocks on Bitcoin, but not the other way around. The research also underscores the necessity for continuous monitoring and analysis as the cryptocurrency landscape evolves rapidly. It highlights the significance of understanding the intricate dynamics between traditional financial markets and emerging digital assets, such as Bitcoin, in order to make informed investment decisions and mitigate potential risks.
Keywords
Bitcoin, VAR model, stock & stock prices
References
1. Berensten, A & Schär, F. (2018) A short introduction to the world of cryptocurrencies.
2. Berensten, A & Schär, F. (2018) A short introduction to the world of cryptocurrencies.
3. Berensten, A & Schär, F. (2018) A short introduction to the world of cryptocurrencies.
4. Berensten, A & Schär, F. (2018) A short introduction to the world of cryptocurrencies.
5. Berensten, A & Schär, F. (2018) A short introduction to the world of cryptocurrencies.
6. Berensten, A & Schär, F. (2018) A short introduction to the world of cryptocurrencies.
7. Berensten, A & Schär, F. (2018) A short introduction to the world of cryptocurrencies.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-205-3
- ISBN (Online)
- 978-1-83558-206-0
- Published Date
- 05 January 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/57/20230331
- Copyright
- 05 January 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited