Cryptocurrency prices driven solely by investor 'hype'

Bitcoin is trading at $8,199

Tom Eckett
clock
Cryptocurrency prices solely driven by investor mood swings
Image:

Cryptocurrency prices solely driven by investor mood swings

Cryptocurrency prices are not driven by any economic factors but solely by the sentiment of investors, according to research conducted at Warwick Business School.

In a paper entitled Cryptocurrencies as an asset class: An empirical assessment, assistant professor of finance at Warwick Business School Daniele Bianchi said there was no correlation between economic...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Commodities

Thomas Coughlin of Kinesis Money

Fool me twice: The lessons we are yet to learn in the 100 years since Weimar hyperinflation

Need to recognise inherent flaws in current system

Thomas Coughlin
clock 22 October 2021 • 3 min read
The bank has pushed back against claims it may offload its asset management arm

State Street disavows claims of asset management sale - reports

Sparked by Invesco rumours

James Baxter-Derrington
clock 22 October 2021 • 1 min read
St James's Place CEO Andrew Croft

St James's Place AUM up 25% year-on-year

Improving consumer confidence fuelled net inflows

Jenny Turton
clock 21 October 2021 • 1 min read