0452318 20240103211418.320151216235959.9 84928818221 000353015800124 10.1371/journal.pone.0123923 15 s. P cav_un_epca*03100051932-620310Public Library of Science Bitcoin wavelet analysis cav_un_auth*0256902 Ekonometrie Department of Econometrics E E Department of Econometrics 100 Krištoufek Ladislav UTIA-B Ústav teorie informace a automatizace AV ČR, v. v. i. http://library.utia.cas.cz/separaty/2015/E/kristoufek-0452318.pdf cav_un_auth*0281000 GBP402/12/G097 GA ČR CZ The Bitcoin has emerged as a fascinating phenomenon in the Financial markets. Without any central authority issuing the currency, the Bitcoin has been associated with controversy ever since its popularity, accompanied by increased public interest, reached high levels. Here, we contribute to the discussion by examining the potential drivers of Bitcoin prices, ranging from fundamental sources to speculative and technical ones, and we further study the potential influence of the Chinese market. The evolution of relationships is examined in both time and frequency domains utilizing the continuous wavelets framework, so that we not only comment on the development of the interconnections in time but also distinguish between short-term and long-term connections. We find that the Bitcoin forms a unique asset possessing properties of both a standard financial asset and a speculative one. AH 2016 1 4 A hod 4ah 20231122141350.9 RVO:67985556 http://hdl.handle.net/11104/0253713 1 1 Department of Econometrics UTIA-B 50206 BUSINESS, FINANCE S e0123923 RIV/67985556:_____/15:00452318!RIV16-AV0-67985556 191684777 nejednotny pocet stran UTIA-B RIV/67985556:_____/15:00452318!RIV16-GA0-67985556 191719845 nejednotny pocet stran UTIA-B MULTIDISCIPLINARYSCIENCES 3.535 0.396 3.1 1.81369 1.137 425015 1.427 2.775 28114 Q1 36.892 83.3 Q3 Q2 83.333 2015 Soubory v repozitáři: kristoufek-0452318.pdf 84928818221 SCOPUS 000353015800124 WOS cav_un_epca*0310005 PLoS ONE 1932-6203 1932-6203 Roč. 10 č. 4 2015 Public Library of Science ONLINE