Author(s)

Qing Jilang ¹

Affiliation(s)

¹ School of Economics, Nankai University, Tianjin, 300110, China

Corresponding Author

ABSTRACT

From the concept of electronic currency proposed by Satoshi Nakamoto in 2008 to the official birth of Bitcoin in 2009, the virtual currency began to become a force that can not be ignored in the financial market. From the very beginning, it was not favored by the market. Now the entire virtual currency market is booming. With development, a variety of virtual currencies have sprung up like mushrooms after a rain, and the value of a Bitcoin has exceeded the 50,000 U.S. dollar mark. This volatile price also reflects the attitude of investors towards Bitcoin. Variety. Virtual currencies such as Bitcoin do not have physical or credit endorsements, and their market prices are largely determined by factors such as government supervision and policies, media influence, users' transaction behavior, and transaction needs. We can make some references for the financial investment of virtual currency by studying the influence of factors such as the search index of Bitcoin entries and media influence on Bitcoin price fluctuations.

KEYWORDS

CITE THIS PAPER

Qing Jilang. The Impact of Bitcoin's Search Volume on Its Price Fluctuations. Journal of Sociology and Ethnology (2021) 3: 61-64. DOI: http://dx.doi.org/10.23977/jsoce.2021.030314.

REFERENCES

[1] Yang Kai. (2020). Research on the impact of investor attention on the price of Bitcoin. (Doctoral dissertation, Shanghai International Studies University).

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