A new research paper aims to understand bitcoin’s price fluctuations and usage patterns through empirical analysis.
“The rise of bitcoin has generated interest from the media and scientific community. However our knowledge of this innovation is still insufficient, particularly when examined from perspectives of finance and economics,” the study says.
To address this gap, the researchers conducted two complementary empirical investigations. The first aimed to clarify the factors affecting the rate of return on investment in bitcoin, while the second examined the sales of merchants who have decided to accept bitcoin as a form of payment… CONTINUE