Analysis of Bitcoin and Alternative Assets Based on VAR Model

Abstract

This paper is based on April 2020 to July 2020 bitcoin price and s & p real assets index data, using the VAR model for dynamic identification, empirical analysis results show that the currency price is s & p real assets index, but s & p real assets index is not the currency price granger.At the same time, as can be seen from the pulse response chart, when the price of bitcoin is impacted by one unit, the S & P physical assets index will fluctuate greatly, close to 0 in stage 5, indicating that the price of bitcoin has an impact on the S & P physical assets index.