{"title":"Evolution of Bitcoin - Volatility Comparisons with Least Developed Countries’ Currencies","authors":"Dr. Jochen Kasper","doi":"10.2139/ssrn.3052207","DOIUrl":null,"url":null,"abstract":"Bitcoin volatility is known to be high, as is shown by comparing Bitcoin volatility to several currencies and to assets like stock, gold etc. This work attempts to extend this work by comparing Bitcoin volatility to volatility of currencies of least developed countries and other cryptocurrencies. Exchange rate and return data drawn from Bloomberg and covering March 2014 to March 2017 was analysed. It was found that Bitcoin volatility is still considerably higher than volatilities of currencies of least developed countries. Only five currencies were more volatile for more than 10% of the time span analysed.","PeriodicalId":413816,"journal":{"name":"Econometric Modeling: International Financial Markets - Foreign Exchange eJournal","volume":"58 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2017-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"25","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Econometric Modeling: International Financial Markets - Foreign Exchange eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3052207","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 25
Abstract
Bitcoin volatility is known to be high, as is shown by comparing Bitcoin volatility to several currencies and to assets like stock, gold etc. This work attempts to extend this work by comparing Bitcoin volatility to volatility of currencies of least developed countries and other cryptocurrencies. Exchange rate and return data drawn from Bloomberg and covering March 2014 to March 2017 was analysed. It was found that Bitcoin volatility is still considerably higher than volatilities of currencies of least developed countries. Only five currencies were more volatile for more than 10% of the time span analysed.
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