 What Proportion of the Bitcoin Ecosystem Is Controlled by Bots?Yavuz Selim Balcıoğlu () and
Gökhan Özer
A chapter in Global Economic Challenges, 2023, pp 31-38 from Springer Abstract: Abstract Its proponents argue that Bitcoin allows for disruption of how money transfers are made. They also claim that Bitcoin is less susceptible to fraud than money because the BTC balance cannot be duplicated and used by another person. Its critics claim it is a bubble because of its high volatility and the number of security breaches. People who create bitcoin or other cryptocurrencies care because the use of bots means their technology is less trusted and valuable. Also, people who sell assets that rely on Bitcoin price stability (such as bitcoin futures and options) care because bot activity can cause price fluctuations and financial losses. This research aims to study how to control and regulate the influence of Bitcoin bots. Our market analysis reveals unusual trading recently that was most likely triggered by some significant event. This finding is consistent with our extensive robustness checks. Keywords: Bitcoin; Ecosystem; Bots (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-23416-3_3 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-23416-3_3 Access Statistics for this chapter More chapters in Springer Proceedings in Business and Economics from Springer |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.