Are cryptocurrencies homogeneous?

Elias Bengtsson publishes a FinTech article with Frida Gustafsson in European Financial Management


The recent gloomy returns of cryptocurrencies have highlighted that a better understanding of blockchain assets price dynamics is needed. The article contributes to this by investigating if cryptocurrencies returns' are similarly affected by a selection of demand- and supply-side determinants. The analysis goes beyond existing research by simultaneously covering different periods and design choices of cryptocurrencies. The results show that cryptocurrencies are heterogeneous, apart from some similarities in the impact of technical determinants and cybercrime. The cryptocurrency market displays evidence of substitution effects, and design choices related explain the impact of the determinants of return.

The page was last edited by: Department of International Economics, Government and Business // 11/08/2022