Investigation Reveals No Causality Between Bitcoin and BIST100 Index

Cryptocurrency industry and the leading cryptocurrency, Bitcoin (BTC), managed to become the most noteworthy asset class in recent years. While it may not reach the total market value of traditional markets, it can be said to be as popular as stock markets or commodities in terms of popularity. This naturally led to repeated discussions about whether there was a causality relationship between various indices, commodities and BTC. Sometimes BTC moves parallel to important indices like DXY or S&P 500, and sometimes it does not. A recent article published by Bolu Abant İzzet Baysal University (BAİBÜ) discusses the causality relationship between the BIST100 index and BTC. BTC Study by Turkish Academics According to recent research, it seems there is no causality relationship between Bitcoin and the BIST100 index. The research, published by Mert Baran Tunçel, Yaşar Alptürk, Mehmet Akif Altunay and İsmail Bekci, is based on significant data. The study tested […] The post Investigation Reveals No Causality Between Bitcoin and BIST100 Index appeared first on COINTURK NEWS.