Along with a fascinating explanation of the hardest things about bitcoin, the best part of this book is the last chapter. In the last chapter, the author answers many common questions like “Is Bitcoin mining a waste of energy?”“Who controls Bitcoin?”“Is it for criminals?” etc. << ...
These quantitative results follow the same explanation for the other variables in Fig. 3. Figure 4 reflects Fig. 3’s observations about Bitcoin price and remittance, with supply disturbances having a mirror effect on Bitcoin prices. The dynamic response in remittance is the opposite of what is ...
A possible explanation is that when supportive news dominates the market, sudden price movements are more likely; thus, the size of the jump component of volatility is bigger. With respect to macroeconomic news announcements (Panel E), our results are broadly in line with those found for ...