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Journals / Uluslararası Anadolu Sosyal Bilimler Dergisi / 2022 / Cilt: 6 Sayı: 4

INVESTIGATION OF THE EXISTENCE OF A FINANCIAL BUBBLE IN CRYPTOCURRENCIES

KRİPTO PARALARDA FİNANSAL BALON VARLIĞININ ARAŞTIRILMASI

Müge Sağlam Bezgin(Karamanoğlu Mehmetbey Üniversitesi)0000-0001-8674-2707
Pages
1414–1431
Publication Date
2022-12-31
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

In the results of the GSADF review, it was found that there were 46 financial bubbles in Bitcoin on the basis of the review period.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, the financial bubble was investigated in 10 cryptocurrencies that have the highest supply and trading volume.
📊
Key Findings & Data:In the results of the GSADF review, it was found that there were 46 financial bubbles in Bitcoin on the basis of the review period.
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Conclusion & Impact:The results obtained from the study were evaluated from the financial perspective of the risk.
🔬Design:Review & Systematic Survey
📍Scope:Comprehensive Sample
⚙️Variables:Kripto varlıklar · Finansal Balon · Zaman Serileri Analizi

Abstract

In this study, the financial bubble was investigated in 10 cryptocurrencies that have the highest supply and trading volume. These are Bitcoin, Ethereum, Tether, USD Coin, BNB, Ripple, Binance USD, Cardano, Solana, and Dogecoin. The examination interval of each variable differs. The study was completed with daily frequency data by applying the generalized sup-ADF (GSADF) test. As a result of the study, the existence of financial bubbles was detected in Bitcoin, Ethereum, Tether, BNB, Ripple, and Solana series. Among these variables, the most financial bubble was Bitcoin. In the results of the GSADF review, it was found that there were 46 financial bubbles in Bitcoin on the basis of the review period. Meanwhile, the maximum period in the series of financial bubbles is 104 days and this bubble is only found in Bitcoin. Ripple is the variable with the least financial bubble. The results obtained from the study were evaluated from the financial perspective of the risk.

Özet

Bu çalışmada en yüksek arza ve işlem hacmine sahip olan 10 adet kripto parada finansal balon varlığı araştırılmıştır. Bunlar; Bitcoin, Ethereum, Tether, USD Coin, BNB, Ripple, Binance USD, Cardano, Solana ve Dogecoin’dir. Her bir değişkenin inceleme aralığı farklılık göstermektedir. İncelemeler günlük frekanslı serilerle yapılmıştır ve araştırmada Genelleştirilmiş Sub-ADF (GSADF) testi kullanılmıştır. Analiz sonuçlarına göre Bitcoin, Ethereum, Tether, BNB, Ripple ve Solana serilerinde finansal balon bulgusuna rastlanmıştır. Bu değişkenler içerisinde en fazla finansal balonun olduğu değişken Bitcoin’dir. GSADF incelemesi sonuçlarında Bitcoin’de inceleme dönemi bazında 46 adet finansal balon olduğu tespit edilmiştir. Bununla birlikte incelenen seriler içerisinde finansal balonlarda en fazla süre 104 gündür ve bu balon Bitcoin’de yaşanmıştır. En az finansal balonun meydana geldiği değişken ise Ripple’dır. Araştırmadan elde edilen sonuçlar finansal risk perspektifinden değerlendirilmiştir.

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Cite This Article

Bezgin, M. S. (2022). INVESTIGATION OF THE EXISTENCE OF A FINANCIAL BUBBLE IN CRYPTOCURRENCIES. Uluslararası Anadolu Sosyal Bilimler Dergisi, Cilt: 6 Sayı: 4, 1414–1431. https://doi.org/10.47525/ulasbid.1193473

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