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What causes the attention of Bitcoin?

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  • Urquhart, Andrew

Abstract

Bitcoin has received enormous attention both by the media and investors alike. But why has Bitcoin received such attention? This paper answers this question by examining the relationship between investor attention and Bitcoin fundamentals and finds that realized volatility and volume are both significant drivers of next day attention of Bitcoin.

Suggested Citation

  • Urquhart, Andrew, 2018. "What causes the attention of Bitcoin?," Economics Letters, Elsevier, vol. 166(C), pages 40-44.
    • Handle: RePEc:eee:ecolet:v:166:y:2018:i:c:p:40-44
    DOI: 10.1016/j.econlet.2018.02.017
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    References listed on IDEAS

    as
    1. Katsiampa, Paraskevi, 2017. "Volatility estimation for Bitcoin: A comparison of GARCH models," Economics Letters, Elsevier, vol. 158(C), pages 3-6.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Investor attention; Bitcoin; Google search volume index; Realized volatility;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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