Speculation and the price of virtual currency

W. Bolt; Maarten van Oordt

Speculation and the price of virtual currency

Finance

Research output: Online publication or Non-textual form › Online publication or Website › Professional

Abstract

What drives the volatility of Bitcoin? This column explains a theoretical framework to link exchange rates to currency creation, speculative behaviour, and real growth in goods and services transactions. It suggests that the exchange rate will be less sensitive to speculators' beliefs when a virtual currency becomes more established as a means of payment.

Original language	English
Place of Publication	London
Publisher	VoxEU.org
Publication status	Published - 14 May 2019

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1 Article

On the value of virtual currencies
Bolt, W. & van Oordt, M., Jun 2020, In: Journal of Money, Credit and Banking. 52, 4, p. 835-862 28 p.
Research output: Contribution to Journal › Article › Academic › peer-review

Open Access

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title = "Speculation and the price of virtual currency",

abstract = "What drives the volatility of Bitcoin? This column explains a theoretical framework to link exchange rates to currency creation, speculative behaviour, and real growth in goods and services transactions. It suggests that the exchange rate will be less sensitive to speculators' beliefs when a virtual currency becomes more established as a means of payment. ",

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AU - van Oordt, Maarten

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N2 - What drives the volatility of Bitcoin? This column explains a theoretical framework to link exchange rates to currency creation, speculative behaviour, and real growth in goods and services transactions. It suggests that the exchange rate will be less sensitive to speculators' beliefs when a virtual currency becomes more established as a means of payment.

AB - What drives the volatility of Bitcoin? This column explains a theoretical framework to link exchange rates to currency creation, speculative behaviour, and real growth in goods and services transactions. It suggests that the exchange rate will be less sensitive to speculators' beliefs when a virtual currency becomes more established as a means of payment.

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Speculation and the price of virtual currency

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Research output

On the value of virtual currencies

Cite this