What Are the Main Drivers of the Bitcoin Price? Evidence from Wavelet Coherence Analysis

  title={What Are the Main Drivers of the Bitcoin Price? Evidence from Wavelet Coherence Analysis},
  author={Ladislav Kristoufek},
  journal={PLoS ONE},
The Bitcoin has emerged as a fascinating phenomenon in the Financial markets. Without any central authority issuing the currency, the Bitcoin has been associated with controversy ever since its popularity, accompanied by increased public interest, reached high levels. Here, we contribute to the discussion by examining the potential drivers of Bitcoin prices, ranging from fundamental sources to speculative and technical ones, and we further study the potential influence of the Chinese market… Expand
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