prikaz prve stranice dokumenta Expectations of Macroeconomic News Announcements: Bitcoin vs. Traditional Assets
  Download
PDF 388.14 KB
Scientific paper - Original scientific paper
Expectations of Macroeconomic News Announcements: Bitcoin vs. Traditional Assets
Risks, 10 (2022), 6; 123. https://doi.org/10.3390/risks10060123
Mužić, Ivan; Gržeta, Ivan

Citations:
,
Cite this document

Mužić, I. & Gržeta, I. (2022). Expectations of Macroeconomic News Announcements: Bitcoin vs. Traditional Assets. Risks, 10. (6). doi: 10.3390/risks10060123

Mužić, Ivan and Ivan Gržeta. "Expectations of Macroeconomic News Announcements: Bitcoin vs. Traditional Assets." Risks, vol. 10, no. 6, 2022. https://doi.org/10.3390/risks10060123

Mužić, Ivan and Ivan Gržeta. "Expectations of Macroeconomic News Announcements: Bitcoin vs. Traditional Assets." Risks 10, no. 6 (2022). https://doi.org/10.3390/risks10060123

Mužić, I. and Gržeta, I. (2022) 'Expectations of Macroeconomic News Announcements: Bitcoin vs. Traditional Assets', Risks, 10(6). doi: 10.3390/risks10060123

Mužić I, Gržeta I. Expectations of Macroeconomic News Announcements: Bitcoin vs. Traditional Assets. Risks [Internet]. 2022 June 12 [cited 2025 April 08];10(6). doi: 10.3390/risks10060123

I. Mužić and I. Gržeta, "Expectations of Macroeconomic News Announcements: Bitcoin vs. Traditional Assets", Risks, vol. 10, no. 6, June 2022. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:192:967845. [Accessed: 08 April 2025]

Please login to the repository to save this object to your list.
Metadata
Title (english)Expectations of Macroeconomic News Announcements: Bitcoin vs. Traditional Assets
AuthorIvan Mužić
AuthorIvan Gržeta
Author's institutionUniversity of Rijeka
Faculty of Economics and Business
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
Research on cryptocurrencies has proliferated in recent years. Our research objective was to answer the question of whether macroeconomic news from the U.S. affects Bitcoin in the same way it affects other common investment assets such as gold, the S&P 500, 2-year Treasury bills, and 10-year Treasury bills. Following previous research, seven macroeconomic news announcements from the U.S. were selected, and an empirical analysis of the daily returns, volatility, and volume of the selected... More assets was conducted. The results show that while Bitcoin is the most volatile (i.e., riskiest) of all the assets, the expected direction of movement is visible after the official announcement of the macroeconomic news on that day, and is comparable to that of the 2-year Treasury bills. It is also evident that the trading volume of Bitcoin does not change, unlike other assets, suggesting that the price of Bitcoin is always moved by the same players, indicating the closed and, therefore, riskier nature of cryptocurrency markets. Finally, we found evidence that the impact of macroeconomic announcements on Bitcoin returns is stronger when the announcements are negative but, interestingly, the returns of Bitcoin, unlike those of other assets, are more volatile after positive announcements. Less
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Journal titleRisks
Numberingvol. 10, no. 6, 123
e-ISSN2227-9091
DOIhttps://doi.org/10.3390/risks10060123
URN:NBNurn:nbn:hr:192:967845
Publication2022-06-12
Document URLhttps://www.mdpi.com/2227-9091/10/6/123
Type of resourceText
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2024-06-06 13:20:05
accessibility

closeAccessibilityrefresh

If you wish to permanently save changes, click on Save, if not - your settings will be reset when you restart the browser.