Oct 14, 2018
201 Views
0 0

Bitcoin Markets Comprise Imminent Alternative to Foreign Exchange

Written by

Bitcoin Markets Comprise Imminent Alternative to Foreign Exchange

A report authored by researchers from the Henryk Niewodniczanski Institute of Nuclear Physics has found that Bitcoin is maturing. The report, courtesy of the Polish Academy of Sciences in Krakow, concludes that Bitcoin carries “concrete potential of imminently becoming a regular market” and “an alternative to the foreign exchange.”

Also Read: Research: Corporations Fail to Deliver on Blockchain Hype, Scalability a Top Concern

Polish Researchers Seek to Assess Maturity of Bitcoin Markets

The study, which is “Based on 1-min price changes recorded since year 2012,” assesses “the fluctuation properties of the rapidly emerging Bitcoin market … over chosen sub-periods, in terms of return distributions, volatility autocorrelation, Hurst exponents, and multiscaling effects.”

“Since high-frequency price data are available since the beginning of trading,” the researchers argue that “Bitcoin offers a unique window into the statistical characteristics of a market maturation trajectory.”

READ IN FULL

Article Categories:
News · News.bitcoin

Leave a Reply

Your email address will not be published. Required fields are marked *