Bitcoin is volatile! isn’t that right?

    Research output: Contribution to journalArticlepeer-review

    Abstract

    In this study, we substantiate with financial data collection and analysis the hypothesis regarding the volatility of Bitcoin exchange rate against common currencies. Financial data were collected from July 2010 until April 2014. The raw annualised volatility of Bitcoin is compared to conventional and major exchange rates. The first set of results indicate a high value of annualised volatility for the Bitcoin exchange rate. When the volume of Bitcoin transactions is considered, the volatility of the Bitcoin exchange rate stabilizes significantly.

    Original languageEnglish
    Pages (from-to)255-265
    Number of pages11
    JournalLecture Notes in Business Information Processing
    Volume183
    DOIs
    Publication statusPublished - 2014

    Keywords

    • Bitcoin
    • Exchange rate
    • Volatility
    • Volume

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