Objective research to aid investing decisions

Value Investing Strategy (Strategy Overview)

Allocations for October 2021 (Final)
Cash TLT LQD SPY

Momentum Investing Strategy (Strategy Overview)

Allocations for October 2021 (Final)
1st ETF 2nd ETF 3rd ETF

Speculator Attention and Bitcoin Return

September 21, 2021 • Posted in Currency Trading

Speculator level of interest (attention) is plausibly key to bitcoin price behavior. Does the level of online searches for “bitcoin” as a proxy for attention usefully predict bitcoin return? To investigate, we examine interactions between monthly worldwide search intensity for “bitcoin” as measured by Google Trends to represent speculator attention and monthly bitcoin returns. Using monthly Google Trends data starting September 2014 (to coincide with inception of source price tracking) as retrieved on 9/6/2021 and end-of-month bitcoin prices during September 2014 through August 2021, we find that: (more…)

Please or subscribe to continue reading...
Gain access to hundreds of premium articles, our momentum strategy, full RSS feeds, and more!  Learn more

Daily Email Updates
Login
Questions?