Open AccessBitcoin Price and Miner Behavior an Application of ARDL Model
Author(s) -
Nan CHEN
Publication year - 2022
Publication title -
journal of financial studies and research
Language(s) - English
Resource type - Journals
ISSN - 2166-000X
DOI - 10.5171/2022.377744
Subject(s) - distributed lag , autoregressive model , hoarding (animal behavior) , economics , volatility (finance) , econometrics , price formation , monetary economics , geology , paleontology , foraging
Bitcoin price volatility has always been a hot topic in the economic world as well as the academia, and many researchers have explored the price dynamic formation from different aspects. This study employs the AutoRegressive Distributed Lag (ARDL) Model to explain the bitcoin price formation from the perspective of miners hoarding behavior.