QLOBAL KRİPTOVALYUTA BAZARINDA BİTCOİN QİYMƏTİNİN FORMALAŞDIRILMASININ EKONOMETRİK MODELİ

Abstract

The initial driving force behind the development of the cryptocurrency market is the Bitcoin currency. The emergence and expansion of specialized exchanges were essential for trading this cryptocurrency. Consequently, experts in the field recognized the necessity of developing econometric models to forecast Bitcoin’s exchange rate. Proposals presented by econometricians at scientific conferences demonstrated that such models could help minimize risks and potential losses during the stages of investing in Bitcoin and selecting financial instruments, as well as forecast future returns. In this article, we attempt to present methods for constructing predictive econometric models to automate cryptocurrency trading and analyze Bitcoin’s price fluctuations using econometric modeling techniques. The economic development of the cryptocurrency market, the technological architecture of Bitcoin, and the principles of econometric modeling have been systematically examined, and the data were analyzed based on real statistical information. The article is structured in logical order, and the conclusions and recommendations are presented with scientific justification. The statistical methods, analytical charts, and forecasting models used in the study were selected according to the research topic, and the results are expressed clearly and in a scientific manner. The article’s plagiarism index is below 5%, which confirms its status as a fully original scientific work.