Statistical Determinants of Bitcoin

Abstract

Bitcoin, the most prominent and first unregulated Cryptocurrency, has been the focal point of much international spotlight and controversy in the recent years. Due to its unregulated nature, technical requirements, and unknown potential and value, there has been much debate about what to classify Bitcoin as. Along with this, Bitcoin has been extremely inefficient throughout its lifetime, and nobody truly knows how to monitor or predict possible future values. The purpose of this project was to try and get a deeper understanding of the microstructure of Bitcoin, and what microstructures impact its value.