GOLD PRICE AND BITCOIN EXCHANGE RATE: IS THERE A CORRELATION?

Nikolay Patonov ()
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Nikolay Patonov: Faculty of Economics, SWU "Neofit Rilski", Blagoevgrad, Bulgaria

Entrepreneurship, 2020, vol. 8, issue 1, 119-124

Abstract: The purpose of this paper is to study the empirical relation between Gold price and Bitcoin exchange rate. Both the rates have been expressed in US dollars. The empirical analysis has been run via quantitative techniques – correlation analysis and Granger causality test. These procedures have been applied on data with monthly frequency for the period March 2013 – November 2019. The output suggests existence of a weak positive correlation.

Keywords: Gold price; Bitcoin exchange rate; US dollars; correlation (search for similar items in EconPapers)
JEL-codes: G11 G13 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:neo:epjour:v:8:y:2020:i:1:p:119-124

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