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Driving Factors Behind the Price of a Decentralised Cryptocurrency - An Internal Look at Network Factors In uencing the Price of Bitcoin


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Title: Driving Factors Behind the Price of a Decentralised Cryptocurrency - An Internal Look at Network Factors In uencing the Price of Bitcoin
Authors: Wikström, Anders
Issue Date: 1-Jul-2021
Degree: Student essay
Series/Report no.: Industriell och finansiell ekonomi
20/21:53
Keywords: Bitcoin, Commodity Theory, Law of Diminishing Marginal Utility, Metcalfe's Law.
Abstract: This paper researches internal in uences on the price of Bitcoin. By looking at Satoshi Nakamoto's original whitepaper, as well as employing economic theories such as the Law of Diminishing Marginal Utility, Commodity Theory, and network valuation theory Met- calfe's Law, variables are chosen and run through a multiple regression analysis to de- termine the variables in uence on the price of Bitcoin. This paper uses monthly data spanning 6 years from 2015 to 2020. Regression analysis show... more
URI: http://hdl.handle.net/2077/69011
Appears in Collections:Kandidatuppsatser Företagsekonomiska institutionen

 

 

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