FACTORS THAT INFLUENCE The Bitcoin Price

Abstract

Blockchain technology is a technology to collect data directly between users. (Peer-to-Peer) with centralized data. The first was developed to provide financial services. It is used as digital money in the name Bitcoin. Bitcoin is distinguished from the original currency (Fiat Currency) and has a superiority. People are interested. And used in various fields. It’s replacing native currency And the opportunity to speculate. Make it more popular. Bitcoin's market value is still small. Compared to other markets. It can also attract investors. By this study.

The purpose of this study was to determine the factors affecting the Bitcoin price by using the regression analysis. To find a variable relation According to studies, it has been found that Bitcoin Exchange Rate, Bitcoin Exchange Rate, US Dollar Exchange Rate, S & P500 Stock Exchange Rate, and 2-Year U.S. Bond Rate Change are Not Significant. Statistical The rate of change of gold price to the US Dollar, statistical significance. Bitcoin prices are in the same direction.