Examining the Maturity of Bitcoin Price through a Catastrophic Event: The Case of Structural Break Analysis During the COVID-19 Pandemic

被引：2

作者：

Lee, Yen-Sheng ^{[1
]}

Vo, Ace ^{[2
]}

Chapman, Thomas A. ^{[3
]}

机构：

[1] Colorado Mesa Univ, Davis Sch Business, Finance Dept, Grand Junction, CO USA

[2] Loyola Marymount Univ, Informat Syst & Business Analyt Dept, Los Angeles, CA 90045 USA

[3] Woodbury Univ, Sch Business, Comp Informat Syst Dept, Burbank, CA USA

来源：

FINANCE RESEARCH LETTERS | 2022年 / 49卷

关键词：

Bitcoin; Structural break; Maturity; COVID-19; pandemic;

D O I：

10.1016/j.frl.2022.103165

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

In this research, we examine the maturity of Bitcoin by using structural break analysis to examine Bitcoin price. Our results reveal that the number of structural breaks of Bitcoin has remained the same at five. The Solidification phase started 8 months prior to the onset of the pandemic, signifying the small effect of the pandemic on Bitcoin price. During the pandemic, Bitcoin was more susceptible to underlying economic factors than to either COVID-related variables alone or to a combination of both factors. We conclude that Bitcoin has reached a certain level of maturity as an investment vehicle.

引用

页数：7

共 30 条

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[2]

Athey S., 2016, STANFORD U RES PAPER, P3469

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