Skip to content
Research Article Open access CC BY 4.0

Bitcoin Potential after Brexit Referendum and Price Prediction

Ilyasin Aditya Rahman, Rini Dwi Astuti

Asian Journal of Advanced Research and Reports · pp. 67–74 · Published 14 Mar 2024

10.9734/ajarr/2024/v18i4624

Abstract

In a world of economic volatility and geopolitical tensions, the crypto market is emerging as a opportunity for investors seeking alternatives to traditional assets. Bitcoin also experienced an extraordinary price increase, as an alternative to stocks and gold. The purpose of this study is to determine price movements before and after the 2016 financial crisis as well as bitcoin price predictions in 2024. This study uses secondary data on Bitcoin prices from January 2011 to January 2024. The methods used are ARCH and ARIMA to determine the volatility of the bitcoin price. For predictions using the category of predictors of Bitcoin historical data at the level. In this research divide into two calculations for volatility, from 2011 until 2016 the best model was the ARIMA model, while after 2016 until 2024 the best model was the ARCH. After 2016 until now, there are many phenomena such as uncertain global conditions such as the China-US trade war and British Exit (Brexit). The conclusion on this research about the price of one Bitcoin coin in 2024 February until April from 43,075 to 44,066 or uptrend.

Bitcoin brexit volatility prediction cryptocurrency bitcoin macroeconomic global financial network

References (15)

  1. 1 Should investors include Bitcoin in their portfolios? A portfolio theory approach [DOI]
  2. 2 Does Bitcoin exhibit the same asymmetric multifractal cross-correlations with crude oil, gold and DJIA as the Euro, Great British Pound and Yen? [DOI]
  3. 3 Blockchain Consensus Protocols in the Wild (Keynote Talk) [DOI]
  4. 4 MLP-based Learnable Window Size for Bitcoin price prediction [DOI]
  5. 5 An ensemble learning method for Bitcoin price prediction based on volatility indicators and trend [DOI]
  6. 6 When a crisis hits: An examination of the impact of the global financial crisis and the COVID-19 pandemic on financing for women entrepreneurs [DOI]
  7. 7 Bitcoin halving and the integration of cryptocurrency and forex markets: An analysis of the higher-order moment spillovers [DOI]
  8. 8 Incorporating Russo-Ukrainian war in Brent crude oil price forecasting: A comparative analysis of ARIMA, TARMA and ENNReg models [DOI]
  9. 9 A decision support system using signals from social media and news to predict cryptocurrency prices [DOI]
  10. 10 Someone like you: Lottery-like preference and the cross-section of expected returns in the cryptocurrency market [DOI]
  11. 11 An Integrated Fuzzy Analytic Network Process and Fuzzy Regression Method for Bitcoin Price Prediction [DOI]
  12. 12 The City of London after Brexit: Sticky power in the Global Financial Network [DOI]
  13. 13 Unleashing the pandemic volatility: A glimpse into the stock market performance of developed economies during COVID-19 [DOI]
  14. 14 The British Stock Market, currencies, brexit, and media sentiments: A big data analysis [DOI]
  15. 15 A comparative analysis of the price explosiveness in Bitcoin and forked coins [DOI]

Cited by 0

No indexed citations yet.

Related research

Article metrics

Real usage data collected on this platform.

47

Page views

0

PDF downloads

3

Outbound clicks

0

Citations

Views over time

Views by country

Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".

Traffic sources

Referring site, by host.

Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.