IDEAS home Printed from https://ideas.repec.org/h/zbw/entr15/183674.html
   My bibliography  Save this book chapter

The Relationship between the Cryptocurrency Value (Bitcoin) and Interest for it in the Region

In: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Kotor, Montengero, 10-11 September 2015

Author

Listed:
  • Dokic, Kristian
  • Radman Funaric, Mirjana
  • Potnik Galic, Katarina

Abstract

Recently the term Cryptocurrency is a frequently used in the mainstream media. The main reason for that is a bitcoin occurrence with reference to the technology and cryptographic inventions that stand behind the bitcoin. Cryptocurrency is legal in region because the European Union has liberal monetary regulations and it can be seen that region successfully follows the world trends in this field. The goal of this paper is to indicate a strong relationship between the value of Bitcoin and expressed interest for it in 11 South-East Europe region countries. The last four and half years will be analysed on a monthly base and data from service Google Trends will be used. Spearman's rank correlation between the expressed interest and bitcoin values for the last four and half years will be calculated. Comment on strong relationship between those variables will be given at the end.

Suggested Citation

  • Dokic, Kristian & Radman Funaric, Mirjana & Potnik Galic, Katarina, 2015. "The Relationship between the Cryptocurrency Value (Bitcoin) and Interest for it in the Region," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2015), Kotor, Montengero, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Kotor, Montengero, 10-11 September 2015, pages 391-398, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    • Handle: RePEc:zbw:entr15:183674
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/183674/1/54-ENT-2015-Dokic-et-al-pp-391-398.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. repec:agr:journl:v:1(590):y:2014:i:1(590):p:103-114 is not listed on IDEAS
    2. Angela ROGOJANU & Liana BADEA, 2014. "The issue of competing currencies. Case study – Bitcoin," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(590)), pages 103-114, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Parthajit Kayal & Purnima Rohilla, 2021. "Bitcoin in the economics and finance literature: a survey," SN Business & Economics, Springer, vol. 1(7), pages 1-21, July.
    2. Bouri, Elie & Molnár, Peter & Azzi, Georges & Roubaud, David & Hagfors, Lars Ivar, 2017. "On the hedge and safe haven properties of Bitcoin: Is it really more than a diversifier?," Finance Research Letters, Elsevier, vol. 20(C), pages 192-198.
    3. Syed Zwick, Hélène & Syed, Sarfaraz Ali Shah, 2019. "Bitcoin and gold prices: A fledging long-term relationship," MPRA Paper 92512, University Library of Munich, Germany.
    4. Obryan Poyser, 2017. "Exploring the determinants of Bitcoin's price: an application of Bayesian Structural Time Series," Papers 1706.01437, arXiv.org.
    5. Omane-Adjepong, Maurice & Alagidede, Paul & Akosah, Nana Kwame, 2019. "Wavelet time-scale persistence analysis of cryptocurrency market returns and volatility," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 514(C), pages 105-120.
    6. Sang Hoon Kang & Seong-Min Yoon & Stelios Bekiros & Gazi S. Uddin, 2020. "Bitcoin as Hedge or Safe Haven: Evidence from Stock, Currency, Bond and Derivatives Markets," Computational Economics, Springer;Society for Computational Economics, vol. 56(2), pages 529-545, August.
    7. Rehman, Mobeen Ur & Asghar, Nadia & Kang, Sang Hoon, 2020. "Do Islamic indices provide diversification to bitcoin? A time-varying copulas and value at risk application," Pacific-Basin Finance Journal, Elsevier, vol. 61(C).
    8. Elie Bouri & Mahamitra Das & Rangan Gupta & David Roubaud, 2018. "Spillovers between Bitcoin and other assets during bear and bull markets," Applied Economics, Taylor & Francis Journals, vol. 50(55), pages 5935-5949, November.
    9. Fantazzini, Dean & Nigmatullin, Erik & Sukhanovskaya, Vera & Ivliev, Sergey, 2016. "Everything you always wanted to know about bitcoin modelling but were afraid to ask. I," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 44, pages 5-24.
    10. Hwang Kim, 2024. "An empirical analysis of navigation behaviors across stock and cryptocurrency trading platforms: implications for targeting and segmentation strategies," Electronic Commerce Research, Springer, vol. 24(3), pages 2113-2141, September.
    11. Paolo Pagnottoni & Thomas Dimpfl, 2019. "Price discovery on Bitcoin markets," Digital Finance, Springer, vol. 1(1), pages 139-161, November.
    12. Elie Bouri & Luis A. Gil‐Alana & Rangan Gupta & David Roubaud, 2019. "Modelling long memory volatility in the Bitcoin market: Evidence of persistence and structural breaks," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 24(1), pages 412-426, January.
    13. Al Mamun, Md & Uddin, Gazi Salah & Suleman, Muhammad Tahir & Kang, Sang Hoon, 2020. "Geopolitical risk, uncertainty and Bitcoin investment," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 540(C).
    14. Ahmed BenSaïda, 2023. "The linkage between Bitcoin and foreign exchanges in developed and emerging markets," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-27, December.
    15. Sarika Murty & Vijay Victor & Maria Fekete-Farkas, 2022. "Is Bitcoin a Safe Haven for Indian Investors? A GARCH Volatility Analysis," JRFM, MDPI, vol. 15(7), pages 1-13, July.
    16. Brandvold, Morten & Molnár, Peter & Vagstad, Kristian & Andreas Valstad, Ole Christian, 2015. "Price discovery on Bitcoin exchanges," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 36(C), pages 18-35.
    17. Angela ROGOJANU & Liana BADEA, 2015. "The issue of “true” money in front of the BitCoin's offensive," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(603), S), pages 77-90, Summer.
    18. Florentien, Geerling-Eiff & Selnes, Trond & Poppe, Krijn, 2015. "Anticipating the future of agriculture: Towards resilient institutions and organizations," 148th Seminar, November 30-December 1, 2015, The Hague, The Netherlands 229259, European Association of Agricultural Economists.
    19. Badea Liana & Radu Cezara-Georgiana & Deak Roxana Elena, 2024. "The Impact Of Complementary Currency Systems On The Economy," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 15-21, February.
    20. Aniruddha Dutta & Saket Kumar & Meheli Basu, 2020. "A Gated Recurrent Unit Approach to Bitcoin Price Prediction," JRFM, MDPI, vol. 13(2), pages 1-16, February.

    More about this item

    Keywords

    cryptocurrency; bitcoin; ICT;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:entr15:183674. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://www.entrenova.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.