Sami Ben Jabeur , Zouhaier Dhifaoui , Yassine Bakkar , Houssein Ballouk
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Abstract
This study provides evidence on the role of the quality of political signals in predicting six major cryptocurrency asset classes. Including communications from the U.S. presidential election in 2024, we find that political news affects cryptocurrency returns in the short-term (from 2 to 4 months). For most cryptoassets, text sentiment measures demonstrate superior predictive performance compared to historical cryptocurrency time series in out-of-sample forecasts.
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