Impact of Bitcoin on Select Crypto Currencies – A Study

Abstract

The present study has been emphasized on the growth of the Bitcoin and its impact on select crypto currencies. The study has considered the secondary data from the period 2016-2017 to 2020-2021. The study has considered the bivariate correlation and the result reveals that the selected crypto currencies are having the significant relationship with bitcoin. The ordinary least square method has been applied and it observed that the growth of the bitcoin investments is having significant impact on the selected crypto currencies. The study observed that crypto bench mark – Bitcoin having the dominance on the other crypto currencies.