Influences on the Price of Bitcoin

Table of Contents

• Acknowledgements
• 1 Introduction
  • 1.1 Bitcoin
• 2 Research Aim
• 3 Literature Review
• 4 Methodology
  • 4.1 Microeconomic
    • 4.1.1 Supply
    • 4.1.2 Demand
  • 4.2 Macroeconomic
    • 4.2.1 Political
    • 4.2.2 Economic
    • 4.2.3 Social
    • 4.2.4 Technological
  • 4.3 Correlation
  • 4.4 Timeline of Major Events and Price of Bitcoin
  • 4.5 Problems with Bitcoin
• 5 Results
  • 5.1 Microeconomic Analysis
  • 5.2 Macroeconomic Analysis
  • 5.3 Correlation Analysis
  • 5.4 Volatility Analysis

Objectives and Key Themes

This research paper aims to investigate the key factors influencing the value of Bitcoin. The study uses microeconomic and macroeconomic models to categorize Bitcoin as a commodity or currency. It also analyzes correlations between Bitcoin and other digital currencies, examining their exchange rate volatility. The paper further explores the historical timeline of Bitcoin through a qualitative analysis of major events that may have caused volatility.

• Influence of microeconomic and macroeconomic factors on Bitcoin value
• Categorization of Bitcoin as commodity or currency
• Correlation analysis of Bitcoin with other digital currencies
• Volatility analysis of Bitcoin exchange rates
• Qualitative analysis of historical events impacting Bitcoin price

Chapter Summaries

The introduction provides context for the research by discussing the rise of digital currencies and their impact on the financial industry. It highlights the importance of understanding the characteristics of decentralized, unregulated currencies. The literature review explores existing research on the impact of the internet on money, the development of digital currencies, and the attention given to these topics by various stakeholders. The methodology section outlines the approach taken in the research, including microeconomic and macroeconomic models, correlation analysis, and the timeline of major events.

Keywords

The research focuses on the value of Bitcoin, exploring its categorization as a commodity or currency, its correlation with other digital currencies, and the volatility of its exchange rates. Key concepts include digital currency, cryptocurrency, microeconomic and macroeconomic factors, supply and demand, inflation, Bitcoin, Litecoin, Ethereum, Monero, Dash, Ripple, correlation, and volatility.