Betting on Bitcoin: Does gambling volume on the blockchain explain Bitcoin price changes?

C-Tier
Journal: Economics Letters
Year: 2020
Volume: 191
Issue: C

Authors (2)

Conlon, Thomas (University College Dublin) McGee, Richard J. (not in RePEc)

Score contribution per author:

0.505 = (α=2.02 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

View Full Article View on IDEAS/RePEc

Abstract

We measure lottery appetite using historical gaming transaction data of Bitcoin holders. Changes in the volume spent on the most lottery-like gambling wallet explain 32% of variation in the returns to the BTC price pre-2016, but this effect disappears post-2016.

Technical Details

RePEc Handle
repec:eee:ecolet:v:191:y:2020:i:c:s0165176519303659
Journal Field
General
Author Count
2
Added to Database
2026-01-25