BTC price volatility: Fundamentals versus information

Gbadebo, Adedeji Daniel; Adekunle, Ahmed Oluwatobi; Adedokun, Wole; Lukman, Adebayo-Oke Abdulrauf

doi:10.1080/23311975.2021.1984624

Cited by 8 publications

(14 citation statements)

References 37 publications

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“…Time-series literature recommends model-based and univariate-based methods for forecasting volatile assets. The first approach predicts bitcoin price as dependent on some factors (Gbadebo et al, 2021;Jaquart et al, 2021;Koutmos & Payne, 2020;Liang et al, 2020). Gbadebo et al (2021) The application of the model-based approach has notable limitations, including depending on prior assumptions made about the series' distribution.…”

Section: Empirical Highlightsmentioning

confidence: 99%

“…The first approach predicts bitcoin price as dependent on some factors (Gbadebo et al, 2021;Jaquart et al, 2021;Koutmos & Payne, 2020;Liang et al, 2020). Gbadebo et al (2021) The application of the model-based approach has notable limitations, including depending on prior assumptions made about the series' distribution. As noted, (Aalborg et al, 2018), predicting Bitcoin price on the basis of these fundamental indicators is still ambiguous.…”

Section: Empirical Highlightsmentioning

confidence: 99%

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Untitled

2022

IJBESAR

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A research article is a regular article which aims to present new findings. 2. Letters to the Editor: A letter to the editor is a short article which aims to present new findings that require fast publication procedures. 3. Notes: A note is an article (regular or short) which aims to present rather new findings. 4. Comments: A comment is a short article that makes comments on another article already published by this journal or replies to a comment; 5. Review Articles: A review article is an article which aims to present comprehensively already existing findings.6. Lecture Notes: A lecture note is a short review article. 7. Monographs: A monograph is a thesis of one or more authors on a unique subject; apart from the standard reviewing procedures, a monograph must also be accepted from a committee of specialists appointed by the Editor. 8. Innovations: An innovation is an article which aims to present new procedures or devices. 9. Selected conference articles: Upon an agreement with a conference committee, selected papers may be published by the Journal in a special section. In this case the editor will appoint in collaboration with the conference committee guest editors.

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Section: Empirical Highlightsmentioning

confidence: 99%

Section: Empirical Highlightsmentioning

confidence: 99%

Untitled

2022

IJBESAR

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“…Testing of semi-strong case market efficiency shows market inefficiency (Li et al, 2021;Shen et al, 2019;Wei, 2018). Empirical tests using twitter's tweet (Shen et al, 2019), Google search (Li et al, 2021;Gbadebo et al, 2021;Urquhart, 2018), and economic policy uncertainty (E. Demir et al, 2018) reject the market efficiency. Wei (2018) found that the predictability of Bitcoin returns is less likely relative to other cryptocurrencies, and that expected Bitcoin return likely decreases as liquidity increases.…”

Section: Introductionmentioning

confidence: 99%

Dynamic Asymmetric Causality of Bitcoin’s Price-Volume Relation

Gbadebo

2023

Sage Open

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Bitcoin has attracted incessant attentions in recent times. Studies have completed models to examine the relationship between Bitcoin and other multiple attendant variables. This paper considers a simple and direct price-volume relation. The paper offers causality evidence according to the dynamic asymmetric causality test. Based on available monthly data spanning 2010:M7-2022:M10, the paper shows that Bitcoin price and volume are integrated, both been I(0)’s. Moreover, the paper discloses the short- and long-term price-volume behaviors of Bitcoin using the cointegration test and vector error correction model (VECM). Taken together, the study first confirms long run relations and presents the estimates of the parsimonious VECM. The results show short run evidence of positive price-volume relations, and in the long run, the disequilibria are as well corrective and mean reversing. The outcomes of the Hatemi-J’s causality testing suggest likely evidence of bidirectional causality between the positive and negative fragments of the shocks of Bitcoin price and volume during the periods.

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“…Cryptocurrency prices are also affected by supply and demand. For example, Bitcoin has a relatively large market, but it has a limited supply of 21 million coins (Gbadebo et al, 2021). Even though volatility can threaten the stability of cryptocurrency prices, enthusiasts still intend to make transactions due to speculation of price increases.…”

Section: Introductionmentioning

confidence: 99%

Legal Framework for Regulation of Income Tax on Cryptocurrency Transactions Based on the Principle of Justice: Comparative Legal Study with Canada

KUSUMA

Negara

Susmayanti

2022

IJESSS

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The Regulation of the Minister of Finance of the Republic of Indonesia Number 68/PMK.03/2022 as the legal basis for cryptocurrency income tax does not reflect the principle of fairness because the consideration is based on the principle of ease of administration. This paper aims to provide an alternative income tax legal framework on cryptocurrency based on the principle of justice. It is expected to be a step to increase state revenue through the sector of cryptocurrency tax. This paper employs a conceptual and comparative approach to normative research. Furthermore, the researcher compares income tax regulations and policies on cryptocurrency in Indonesia and Canada with the theory of justice to obtain answers to legal problems. The Regulation of the Minister of Finance of the Republic of Indonesia Number 68/PMK.03/2022 does not reflect the principle of justice because the final tax rate does not reflect the tax burden. In addition, there are limitations on the tax collector's authority, so tax collection is not comprehensive. Therefore, this paper compares and analyses income tax regulations and policies in Indonesia and Canada to obtain several alternative forms of fair tax legal framework on cryptocurrency. Alternative cryptocurrency income tax regulation that can be accommodated by the government is to change to a progressive rate to fulfill tax fairness, change the collection system to a self-assessment and do not differentiate the source of income and also cooperate with various exchanges to exchange transaction data to prevent criminal acts.

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BTC price volatility: Fundamentals versus information

Cited by 8 publications

References 37 publications

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Dynamic Asymmetric Causality of Bitcoin’s Price-Volume Relation

Legal Framework for Regulation of Income Tax on Cryptocurrency Transactions Based on the Principle of Justice: Comparative Legal Study with Canada

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