Journal of Innovation in Business and Economics
Vol 3, No 02 (2019): Journal of Innovation in Business and Economics

LIBRA ANNOUNCEMENT: DOES IT HAVE AN IMPACT ON BITCOIN'S PRICE?

Azouzi, Dhekra (Unknown)
Echchabi, Abdelghani (Unknown)

Article Info

Publish Date
31 Dec 2019

Abstract

The main objective of the current study is to investigate the potential effect that the announcement of Libra, a new Facebook cryptocurrency might have on the Bitcoin prices. Accordingly, an event study analysis was applied to achieve the mentioned objective. The findings revealed that the news announcement had no effect on Bitcoin price changes. This indicates that Bitcoin's investor thinks Libra is not a potential competitor of Bitcoin. 

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Journal Info
Journal of Innovation in Business and Economics
Website

Abbrev

jibe

Publisher

Universitas Muhammadiyah Malang

Subject

Economics, Econometrics & Finance

Description

The Journal of Innovation in Business and Economics (JIBE) is published by the Department of Economics and Business at University of Muhammadiyah Malang in 2017. Previously this journal was known as Jurnal Media Ekonomi that was initially published in 2000. In 2011 until 2016, this journal was ...