Measure and analyze influencing factors in Bitcoin prices for the period (2012-2024)

Abstract

The research aims to identify the influencing macroeconomic factors in Bitcoin and an attempt to explain the reasons for the sharp fluctuations in this currency. The research used the inductive approach as well as the standard method through comparison between Standard methods Approved and including (OLS, ARDL) which means trying to detect N Some spurious relationships between the studied variables. The research reached to There is a direct relationship between changes in the global gold price and the Bitcoin price, and an inverse relationship between the federal interest rate and the Bitcoin price, as well as a direct relationship between Economic shocks and Price changes a job And Bitcoin, and the research presents some proposals to address the sharp fluctuations in Bitcoin prices, including holding an international conference focusing on examining the causes of these fluctuations and ways to reduce their serious effects on investment portfolios. For individuals and financial institutions.