Corbet, Shaen ORCID: 0000-0001-7430-7417, Lucey, Brian ORCID: 0000-0002-4052-8235 and Yarovaya, Larisa ORCID: 0000-0002-9638-2917 (2017) Datestamping the Bitcoin and Ethereum bubbles. Finance Research Letters, 26 . pp. 81-88. ISSN 544-6123
Abstract
We examine the existence and dates of pricing bubbles in Bitcoin and Ethereum, two popular
cryptocurrencies using the Phillips et al. [2011] methodology. In contrast to previous papers, we
examine the fundamental drivers of the price. Having derived ratios that are economically and
computationally sensible, we use these variables to detect and datestamp bubbles. Our conclusion
is that there are periods of clear bubble behaviour, with Bitcoin now almost certainly in a bubble
phase.
Metadata
Item Type: | Article (Published) |
---|---|
Refereed: | Yes |
Uncontrolled Keywords: | Cryptocurrencies; Digital Assets; Bitcoin; Ethereum; bubbles |
Subjects: | Business > Finance |
DCU Faculties and Centres: | DCU Faculties and Schools > DCU Business School |
Publisher: | Elsevier |
Official URL: | http://dx.doi.org/10.1016/j.frl.2017.12.006 |
Copyright Information: | © 2017 Elsevier. CC BY-NC-ND |
ID Code: | 25043 |
Deposited On: | 01 Oct 2020 11:48 by Thomas Murtagh . Last Modified 01 Feb 2023 22:32 |
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