The Relation between Gold Price Movement and Bitcoin Investment Sentiment
Considering the emotional behavior of investors in the cryptocurrency market, this paper comprehensively explores the sophisticated relationship between Bitcoin investor sentiment and gold price movements. The purpose of this study is to examine the impact of the gold price on investor sentiment of...
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| Format: | Article |
| Language: | English |
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Mashhad: Behzad Hassannezhad Kashani
2022-09-01
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| Series: | International Journal of Management, Accounting and Economics |
| Subjects: | |
| Online Access: | https://www.ijmae.com/article_158732_3d06291ca3061d24e2104b5046f9fce3.pdf |
| _version_ | 1797744427145363456 |
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| author | Nastaran Shahvari |
| author_facet | Nastaran Shahvari |
| author_sort | Nastaran Shahvari |
| collection | DOAJ |
| description | Considering the emotional behavior of investors in the cryptocurrency market, this paper comprehensively explores the sophisticated relationship between Bitcoin investor sentiment and gold price movements. The purpose of this study is to examine the impact of the gold price on investor sentiment of Bitcoin market traders and investors using monthly data from August 2020 to August 2022. The impact of oil prices on investor sentiment was examined using the Pooled Mean Group (PMG) method. The PMG approach considers short-term and long-term relationships between series and provides reliable results in the context of dynamic heterogeneous panel models. PMG implementations in all models show the short-term and long-term impact of the gold price on investor sentiment. The results also suggest that gold prices are positive and significant in the long run across all models, and that behavioral factors such as consumer sentiment and global economic stability are important in controlling gold prices at shorter time resolutions. Precious metals have had a positive impact on the Bitcoin market, |
| first_indexed | 2024-03-12T15:09:37Z |
| format | Article |
| id | doaj.art-d2999135d7c043be9ff025ce542d6e88 |
| institution | Directory Open Access Journal |
| issn | 2383-2126 |
| language | English |
| last_indexed | 2024-03-12T15:09:37Z |
| publishDate | 2022-09-01 |
| publisher | Mashhad: Behzad Hassannezhad Kashani |
| record_format | Article |
| series | International Journal of Management, Accounting and Economics |
| spelling | doaj.art-d2999135d7c043be9ff025ce542d6e882023-08-11T20:25:37ZengMashhad: Behzad Hassannezhad KashaniInternational Journal of Management, Accounting and Economics2383-21262022-09-019956658210.5281/zenodo.7179948158732The Relation between Gold Price Movement and Bitcoin Investment SentimentNastaran Shahvari0Business Administration Department, Shariaty College, Technical and Vocational University, Tehran, IranConsidering the emotional behavior of investors in the cryptocurrency market, this paper comprehensively explores the sophisticated relationship between Bitcoin investor sentiment and gold price movements. The purpose of this study is to examine the impact of the gold price on investor sentiment of Bitcoin market traders and investors using monthly data from August 2020 to August 2022. The impact of oil prices on investor sentiment was examined using the Pooled Mean Group (PMG) method. The PMG approach considers short-term and long-term relationships between series and provides reliable results in the context of dynamic heterogeneous panel models. PMG implementations in all models show the short-term and long-term impact of the gold price on investor sentiment. The results also suggest that gold prices are positive and significant in the long run across all models, and that behavioral factors such as consumer sentiment and global economic stability are important in controlling gold prices at shorter time resolutions. Precious metals have had a positive impact on the Bitcoin market,https://www.ijmae.com/article_158732_3d06291ca3061d24e2104b5046f9fce3.pdfbitcoingold pricessentiment analysis |
| spellingShingle | Nastaran Shahvari The Relation between Gold Price Movement and Bitcoin Investment Sentiment International Journal of Management, Accounting and Economics bitcoin gold prices sentiment analysis |
| title | The Relation between Gold Price Movement and Bitcoin Investment Sentiment |
| title_full | The Relation between Gold Price Movement and Bitcoin Investment Sentiment |
| title_fullStr | The Relation between Gold Price Movement and Bitcoin Investment Sentiment |
| title_full_unstemmed | The Relation between Gold Price Movement and Bitcoin Investment Sentiment |
| title_short | The Relation between Gold Price Movement and Bitcoin Investment Sentiment |
| title_sort | relation between gold price movement and bitcoin investment sentiment |
| topic | bitcoin gold prices sentiment analysis |
| url | https://www.ijmae.com/article_158732_3d06291ca3061d24e2104b5046f9fce3.pdf |
| work_keys_str_mv | AT nastaranshahvari therelationbetweengoldpricemovementandbitcoininvestmentsentiment AT nastaranshahvari relationbetweengoldpricemovementandbitcoininvestmentsentiment |