| dc.contributor.author | Köse, Nezir | |
| dc.contributor.author | Yıldırım, Hakan | |
| dc.contributor.author | Ünal, Emre | |
| dc.contributor.author | Lin, Boqiang | |
| dc.date.accessioned | 2024-03-13T00:59:12Z | |
| dc.date.available | 2024-03-13T00:59:12Z | |
| dc.date.issued | 2024 | en_US |
| dc.identifier.issn | 0270-7314 | |
| dc.identifier.issn | 1096-9934 | |
| dc.identifier.uri | https://hdl.handle.net/11363/7192 | |
| dc.description.abstract | This study examines the Bitcoin price by taking into account global factors,
including the Chicago Board Options Exchange's Market Volatility Index
(VIX), the US dollar index, the gold price, the oil price, and Bitcoin price
volatility. The analysis is conducted using the structural vector autoregression (SVAR) model. The variance decomposition findings revealed that the
influence of the VIX on the Bitcoin price was initially restricted, but
progressively intensified over time. Among the indicators, Bitcoin price
volatility had the highest explanatory share in both daily and weekly data
analysis. The impulse response functions demonstrated a statistically
significant inverse relationship between the VIX and the Bitcoin price.
Furthermore, the analysis revealed that the Bitcoin price was mostly
impacted by its own volatility. This implies that investing in Bitcoin
requires a certain level of risk‐taking. | en_US |
| dc.language.iso | eng | en_US |
| dc.publisher | WILEY111 RIVER ST, HOBOKEN 07030-5774, NJ | en_US |
| dc.relation.isversionof | 10.1002/fut.22487 | en_US |
| dc.rights | info:eu-repo/semantics/openAccess | en_US |
| dc.subject | Bitcoin | en_US |
| dc.subject | Gold price | en_US |
| dc.subject | Oil price | en_US |
| dc.subject | SVAR model | en_US |
| dc.subject | VIX | en_US |
| dc.title | The Bitcoin Price and Bitcoin Price Uncertainty: Evidence of Bitcoin Price Volatility | en_US |
| dc.type | article | en_US |
| dc.relation.ispartof | JOURNAL OF FUTURES MARKETS | en_US |
| dc.department | İktisadi İdari ve Sosyal Bilimler Fakültesi | en_US |
| dc.authorid | https://orcid.org/0000-0002-4127-357X | en_US |
| dc.authorid | https://orcid.org/0000-0002-3271-2841 | en_US |
| dc.authorid | https://orcid.org/0000-0001-9572-8923 | en_US |
| dc.identifier.volume | 44 | en_US |
| dc.identifier.issue | 4 | en_US |
| dc.identifier.startpage | 673 | en_US |
| dc.identifier.endpage | 695 | en_US |
| dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
| dc.institutionauthor | Yıldırım, Hakan | |
