• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
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    • Executive Editor: Ms. Fiona Chu
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HOME > Archive > 2024 > Volume 12 Number 4 (2024) >
JOEBM 2024 Vol.12(4): 409-417
DOI: 10.18178/joebm.2024.12.4.830

Unravelling the Mysteries of Bitcoin: Exploring the Determinants of Returns and Volatility

Junran Zhang
Hefei No. 6 High School (Linghu Campus), Hefei, Anhui, China
Email: 2515566310@qq.com (J.R.Z.)

Manuscript received September 9, 2024; revised October 2, 2024; accepted November 14, 2024; published November 27, 2024.

Abstract—As a digital currency, Bitcoin has increasingly gained significance in the global economy and financial market. This paper investigates the factors that impact the returns and volatility of Bitcoin. Specifically, this study documents that the return of Bitcoin is positively related to Bitcoin trading volume, Ethereum returns and stock market returns, and is negatively associated with Ethereum trading volume and economic uncertainty. Additionally, this study finds that the volatility of bitcoin returns is positively correlated with bitcoin returns and negatively correlated with factors such as the standard deviation of Ethereum and the S&P500. These findings provide valuable insights for investors interested in expanding their investment options and learning more about Bitcoin.

Keywords—Bitcoin, investment, return, volatility

Cite: Junran Zhang, "Unravelling the Mysteries of Bitcoin: Exploring the Determinants of Returns and Volatility," Journal of Economics, Business and Management, vol. 12, no. 4, pp. 409-417, 2024.

Copyright © 2024 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

 

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