Impact on the Volatility of the Bitcoin Price with the Implementation of Macro-Regulation
- 10.2991/assehr.k.211209.200How to use a DOI?
- bitcoin price; ARMA model; dummy variables; GARCH model; correlation
After year two thousand, with the booming of internet networks, virtual currency has appeared into the public’s view. In the midst of all (including 8861 numbers of virtual currency, calculate by Coinmarketcap), bitcoin has become the most represented currency for us to discuss. This paper returns the closed adjusted price calculates rates. ARMA models are used to test whether the time series is stationary or not. Dummy variables are set according to the time by specific policies are implemented. According to the GARCH model we used, the implementation of the policy does lead to a sharp decline in the price of bitcoin. Accordingly, in the development process of bitcoin, supervision does give a positive effect in maintaining the price to be balanced and a positive control on malicious speculation to monopolize the bitcoin market and blind purchasing.
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Siyao Ma PY - 2021 DA - 2021/12/15 TI - Impact on the Volatility of the Bitcoin Price with the Implementation of Macro-Regulation BT - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) PB - Atlantis Press SP - 1244 EP - 1250 SN - 2352-5428 UR - https://doi.org/10.2991/assehr.k.211209.200 DO - 10.2991/assehr.k.211209.200 ID - Ma2021 ER -