The Impact of Academic Publications over the Last Decade on Historical Bitcoin Prices Using Generative Models
Since 2012, researchers have explored various factors influencing Bitcoin prices. Up until the end of July 2023, more than 9100 research papers on cryptocurrencies were published and indexed in the Web of Science Clarivate platform. The objective of this paper is to analyze the impact of publication...
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| Format: | Article |
| Language: | English |
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MDPI AG
2024-03-01
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| Series: | Journal of Theoretical and Applied Electronic Commerce Research |
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| Online Access: | https://www.mdpi.com/0718-1876/19/1/29 |
| _version_ | 1797240376780652544 |
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| author | Adela Bâra Simona-Vasilica Oprea |
| author_facet | Adela Bâra Simona-Vasilica Oprea |
| author_sort | Adela Bâra |
| collection | DOAJ |
| description | Since 2012, researchers have explored various factors influencing Bitcoin prices. Up until the end of July 2023, more than 9100 research papers on cryptocurrencies were published and indexed in the Web of Science Clarivate platform. The objective of this paper is to analyze the impact of publications on Bitcoin prices. This study aims to uncover significant themes within these research articles, focusing on cryptocurrencies in general and Bitcoin specifically. The research employs latent Dirichlet allocation to identify key topics from the unstructured abstracts. To determine the optimal number of topics, perplexity and topic coherence metrics are calculated. Additionally, the abstracts are processed using BERT-transformers and Word2Vec and their potential to predict Bitcoin prices is assessed. Based on the results, while the research helps in understanding cryptocurrencies, the potential of academic publications to influence Bitcoin prices is not significant, demonstrating a weak connection. In other words, the movements of Bitcoin prices are not influenced by the scientific writing in this specific field. The primary topics emerging from the analysis are the blockchain, market dynamics, transactions, pricing trends, network security, and the mining process. These findings suggest that future research should pay closer attention to issues like the energy demands and environmental impacts of mining, anti-money laundering measures, and behavioral aspects related to cryptocurrencies. |
| first_indexed | 2024-04-24T18:06:27Z |
| format | Article |
| id | doaj.art-e734f4bc43e746cfa2164bb7e25505fe |
| institution | Directory Open Access Journal |
| issn | 0718-1876 |
| language | English |
| last_indexed | 2024-04-24T18:06:27Z |
| publishDate | 2024-03-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Journal of Theoretical and Applied Electronic Commerce Research |
| spelling | doaj.art-e734f4bc43e746cfa2164bb7e25505fe2024-03-27T13:50:22ZengMDPI AGJournal of Theoretical and Applied Electronic Commerce Research0718-18762024-03-0119153856010.3390/jtaer19010029The Impact of Academic Publications over the Last Decade on Historical Bitcoin Prices Using Generative ModelsAdela Bâra0Simona-Vasilica Oprea1Academy of Romanian Scientists, Ilfov 3, 050044 Bucharest, RomaniaDepartment of Economic Informatics and Cybernetics, Bucharest University of Economic Studies, No. 6 Piaţa Romană, 010374 Bucharest, RomaniaSince 2012, researchers have explored various factors influencing Bitcoin prices. Up until the end of July 2023, more than 9100 research papers on cryptocurrencies were published and indexed in the Web of Science Clarivate platform. The objective of this paper is to analyze the impact of publications on Bitcoin prices. This study aims to uncover significant themes within these research articles, focusing on cryptocurrencies in general and Bitcoin specifically. The research employs latent Dirichlet allocation to identify key topics from the unstructured abstracts. To determine the optimal number of topics, perplexity and topic coherence metrics are calculated. Additionally, the abstracts are processed using BERT-transformers and Word2Vec and their potential to predict Bitcoin prices is assessed. Based on the results, while the research helps in understanding cryptocurrencies, the potential of academic publications to influence Bitcoin prices is not significant, demonstrating a weak connection. In other words, the movements of Bitcoin prices are not influenced by the scientific writing in this specific field. The primary topics emerging from the analysis are the blockchain, market dynamics, transactions, pricing trends, network security, and the mining process. These findings suggest that future research should pay closer attention to issues like the energy demands and environmental impacts of mining, anti-money laundering measures, and behavioral aspects related to cryptocurrencies.https://www.mdpi.com/0718-1876/19/1/29cryptocurrencyresearch publicationtopic modellinglatent Dirichlet allocationsentiment analysisBitcoin prices |
| spellingShingle | Adela Bâra Simona-Vasilica Oprea The Impact of Academic Publications over the Last Decade on Historical Bitcoin Prices Using Generative Models Journal of Theoretical and Applied Electronic Commerce Research cryptocurrency research publication topic modelling latent Dirichlet allocation sentiment analysis Bitcoin prices |
| title | The Impact of Academic Publications over the Last Decade on Historical Bitcoin Prices Using Generative Models |
| title_full | The Impact of Academic Publications over the Last Decade on Historical Bitcoin Prices Using Generative Models |
| title_fullStr | The Impact of Academic Publications over the Last Decade on Historical Bitcoin Prices Using Generative Models |
| title_full_unstemmed | The Impact of Academic Publications over the Last Decade on Historical Bitcoin Prices Using Generative Models |
| title_short | The Impact of Academic Publications over the Last Decade on Historical Bitcoin Prices Using Generative Models |
| title_sort | impact of academic publications over the last decade on historical bitcoin prices using generative models |
| topic | cryptocurrency research publication topic modelling latent Dirichlet allocation sentiment analysis Bitcoin prices |
| url | https://www.mdpi.com/0718-1876/19/1/29 |
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