A1648
Title: The effect of regulation on Bitcoin
Authors: Connor Kispert - Rose-Hulman Institute of Technology (United States) [presenting]
Abstract: One of the most notable qualities of Bitcoin is its decentralized nature and disconnect with the banking and regulatory institutions. Despite this, governments in various countries have taken an opposing stance to the cryptocurrency and the unregulated freedoms it may provide. In analyzing the surging growth and subsequent crash in the Bitcoin market, it was found that the turning point of the Bitcoin market was coincident to the introduction of a major government regulation on cryptocurrency, one of the first of many such regulatory events occurring throughout the turbulent decline in Bitcoins value since December of 2013. This leads to the question of just how much of an effect any single country's regulatory stance can have on the Bitcoin market. The aim is to explore the relationship between the event of new government regulation and the trends in the value of Bitcoin by providing statistical support of the real effect of regulation. This is expanded upon with a discussion of potential causation and implications of these effects.
