Research on the Impact Mechanism of Economic Policy Uncertainty on Bitcoin Prices

Has there been a linkage mechanism between the prices of Bitcoin and traditional wealth preservation investment tools, that is, may serve as an substitute when other tool markets are sluggish, or can also benefit from it overall market is hot. The price exhibits extremely unstable characteristics, double its value dozens times in very short period time return to starting point single day. rapid rise duration Bitcoin's show us infinite potential. Through research, this paper finds fluctuates greatly, while U.S. Dollar Index S&P 500 index basically horizontal, their volatility relatively small. Therefore, be used speculative product, lot behavior market. When attributes dominate, increase economic policy uncertainty will significantly suppress investor sentiment cause decline. In addition, impact on world financial system increasing.