Changes in Bitcoin Prices under the Uncertain Market: An Analysis Based on Time Series Model
Journal: Highlights in Business Economics and Management
Year: 2023

Today's society is full of uncertainty, especially during the outbreak of the Russian Ukrainian Conflict, oil prices have changed. This paper uses VAR model and ARMA-GARCHX model to figure out if the high price of oil due to the conflicts between Russia and Ukraine will lead to changes in the price of Bitcoin. Through the use of STATA, it is concluded that in an uncertain market, the price of Bitcoin will be affected by the rise in oil prices. This paper combines the Russian Ukrainian conflict,