Cryptocurrency value changes in response to national elections: do they behave like money or commodities?

  title={Cryptocurrency value changes in response to national elections: do they behave like money or commodities?},
  author={Mark Schaub and H. Banker Phares},
  journal={Applied Economics Letters},
  pages={1135 - 1140}
ABSTRACT This study examines changes in the value of Bitcoin after the BREXIT and US Presidential elections in 2016 to determine whether it and other cryptocurrencies experienced value changes associated with the vote outcomes. For comparative purposes, Bitcoin is also compared to currencies such as the Great Britain Pound, Mexican Peso and Special Drawing Rights to determine whether Bitcoin values change like currencies. Some evidence showed changes in the value of Bitcoin were weakly similar… 
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Article History Received: 10 February 2021 Revised: 15 March 2021 Accepted: 7 April 2021 Published: 28 April 2021


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