Datestamping the Bitcoin and Ethereum bubbles

Shaen Corbet, Brian Lucey and Larisa Yarovaya

Finance Research Letters, 2018, vol. 26, issue C, 81-88

Abstract: We examine the existence and dates of pricing bubbles in Bitcoin and Ethereum, two popular cryptocurrencies using the (Phillips et al., 2011) methodology. In contrast to previous papers, we examine the fundamental drivers of the price. Having derived ratios that are economically and computationally sensible, we use these variables to detect and datestamp bubbles. Our conclusion is that there are periods of clear bubble behaviour, with Bitcoin now almost certainly in a bubble phase.

Keywords: Cryptocurrencies; Digital assets; Bitcoin; Ethereum; Bubbles (search for similar items in EconPapers)
JEL-codes: C58 G10 G14 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (315)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:26:y:2018:i:c:p:81-88

DOI: 10.1016/j.frl.2017.12.006

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