Cryptocurrency prices driven solely by investor 'hype'

Bitcoin is trading at $8,199

Tom Eckett
Cryptocurrency prices solely driven by investor mood swings

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...

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