Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

Impact on the Volatility of the Bitcoin Price with the Implementation of Macro-Regulation

Authors
Siyao Ma1, *
1School of Mathematics and Statistics, The University of Sheffield, Sheffield, S10 2TN, United Kingdom
*Corresponding author. Email: sma25@sheffield.ac.uk
Corresponding Author
Siyao Ma
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.200How to use a DOI?
Keywords
bitcoin price; ARMA model; dummy variables; GARCH model; correlation
Abstract

After year two thousand, with the booming of internet networks, virtual currency has appeared into the public’s view. In the midst of all (including 8861 numbers of virtual currency, calculate by Coinmarketcap), bitcoin has become the most represented currency for us to discuss. This paper returns the closed adjusted price calculates rates. ARMA models are used to test whether the time series is stationary or not. Dummy variables are set according to the time by specific policies are implemented. According to the GARCH model we used, the implementation of the policy does lead to a sharp decline in the price of bitcoin. Accordingly, in the development process of bitcoin, supervision does give a positive effect in maintaining the price to be balanced and a positive control on malicious speculation to monopolize the bitcoin market and blind purchasing.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
978-94-6239-483-4
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.200How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Siyao Ma
PY  - 2021
DA  - 2021/12/15
TI  - Impact on the Volatility of the Bitcoin Price with the Implementation of Macro-Regulation
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 1244
EP  - 1250
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.200
DO  - 10.2991/assehr.k.211209.200
ID  - Ma2021
ER  -