Type and Duration
Preproposal PhD-Thesis, since February 2024Coordinator
Liechtenstein Business SchoolMain Research
Wealth ManagementDescription
The public interest in cryptocurrencies has been rapidly increasing with the release of the digital currency known as Bitcoin. Since the introduction of Bitcoin, many other digital currencies have been established and traded. The U.S. Securities and Exchange Commission recently granted approval for the trading of eleven Bitcoin spot ETFs.Due to the growing interest in trading cryptocurrencies, a better understanding of the risk drivers, specifically non-standard financial risks, that cause price movements in crypto is needed. This topic will be the focal point of my dissertation, which will be divided into three papers.
The first paper will conduct an in-depth analysis of the explosivity and decreases in prices seen in cryptocurrencies by connecting them to specific news events. This approach will help gain a better understanding of the impact certain risk characteristics have on various altcoins.
The second paper will address the various risks that drive price movements by investigating how certain news events affect arbitrage opportunities between different exchanges.
The third paper will examine the specifics of herding along with how “crypto whales” respond to risk drivers in relation to specific news events. My comprehensive research endeavor seeks to contribute valuable insights into the complex dynamics of cryptocurrencies in regards to risks drivers.
