On the Determinants of Bitcoin Returns and Volatility: What We Get from Gets?

Since Bitcoin has frequently witnessed price fluctuations and high volatility, the factors influencing its returns volatility is an important research subject. To accomplish this goal, we applied Gets reduction method which a good reputation compared to other competing approaches in terms of statistical apparatus available for repeated search determine final set determinants consideration location shifts. We found that reduced explanatory variables affects composed Twitter-based economic uncertainty, gold return, return Euro/USD exchange rate, US Nasdaq stock index, market capitalization, mining difficulty. In contrast, affected by only lagged ARCH effect volume cryptocurrency.