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Evolution Of Bitcoin: Volatility Comparisons With Least Developed Countries’ Currencies

Author

Listed:
  • KASPER, JOCHEN

    (Faculty of Economics and Behavioral Sciences, University of Freiburg, Germany)

Abstract

Bitcoin volatility is known to be high, as is shown by comparing Bitcoin volatility to several currencies and to assets like stock, gold etc. This work attempts to extend this work by comparing Bitcoin volatility to volatility of currencies of least developed countries and other cryptocurrencies. Exchange rate and return data drawn from Bloomberg and covering March 2014 to March 2017 was analysed. It was found that Bitcoin volatility is still considerably higher than volatilities of currencies of least developed countries. Only five currencies were more volatile for more than 10% of the time span analysed.

Suggested Citation

  • Kasper, Jochen, 2017. "Evolution Of Bitcoin: Volatility Comparisons With Least Developed Countries’ Currencies," Journal of Internet Banking and Commerce, , vol. 22(03), pages 01-18, December.
  • Handle: RePEc:ris:joibac:0125
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    More about this item

    Keywords

    Bitcoin; Volatility; Comparison; Least Developed Country Currency;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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