Özet:

Abstract Today's discussion centers on whether cryptocurrencies may be used to pay for products and services in developed and underdeveloped nations. The role of cryptocurrencies as investment and speculative trading vehicles is also expanding. The cryptocurrency bitcoin serves as an illustration of such use. The first cryptocurrency to develop value without initially satisfying requirements and carrying any type of collateral in the form of traditional currencies is bitcoin. The analysis of the variables influencing the price of bitcoin is one of the most hotly debated subjects in the financial literature. The purpose of this study is to look into the connection between the price of natural gas and crude oil and the cryptocurrency Bitcoin. In this study, the effect of Brent oil, crude oil and natural gas prices on Bitcoin was examined. For the data containing the weekly time series for the period 05.01.2020-26.12.2021, FMOLS and DOLS tests were conducted, which show the coefficient of cointegration, causality and relationship. According to the findings of the study, according to the FMOLS test, 1% Bitcoin in brent oil price increases 0.000176% (probability values according to DOLS do not confirm the effect). Likewise, when we look at crude oil, according to FMOLS test, 1% Bitcoin in crude oil price increases 0.000180% (the probability values according to DOLS do not confirm the effect). When we look at the changes in the Bitcoin price, according to the DOLS test, a 1% increase in the Bitcoin price increases the Brent oil by 77.86132% (the probability values according to FMOLS do not confirm the effect). Downloads Download data is not yet available. Author Biography Nurkhodzha Akbulaev, Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan. Dr. Nurkhodzha Akbulaev, Doctor of Business Administration, (Branch of Accounting and Finance), Department of Economics and Business Administration, Azerbaijan State University of Economics, Baku, Azerbaijan. Downloads FULL TEXT Published 2023-01-22 How to Cite Akbulaev, N., & Abdulhasanov, T. (2023). Analyzing the Connection between Energy Prices and Cryptocurrency throughout the Pandemic Period. International Journal of Energy Economics and Policy, 13(1), 227–234. https://doi.org/10.32479/ijeep.13824 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 1 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Nurkhodzha Akbulaev, Elshan Mammadli, Gadir Bayramli, The Effect of Energy Prices on Stock Indices in the Period of COVID-19: Evidence from Russia, Turkey, Brazil, and India , International Journal of Energy Economics and Policy: Vol. 12 No. 3 (2022) Nurkhodzha Akbulaev, Etimad Rahimli, Statistical Analysis of the Relationship between Oil Prices and Industry Index Prices , International Journal of Energy Economics and Policy: Vol. 10 No. 2 (2020) Nurkhodzha Akbulaev, The Impact of Energy Prices on Precious Metals: A Comparison of the SARS-COV2 Period and Prior Period , International Journal of Energy Economics and Policy: Vol. 13 No. 2 (2023) Make a Submission Make a Submission Dergi Kapağı

Anahtar Kelimeler: