The Analysis of the Influencing Factors of Virtual Currency Price Based on Multiple Regression Method

In view of the influencing factors bitcoin price, this paper firstly summarizes relevant data price and annual cumulative supply in past ten years from Block Chain website, selects several explanatory variables including actual supply, market macroeconomic level number users. Then, Eviews9 software is used to establish a multiple linear regression model. The econometric test methods such as multicollinearity, heteroscedasticity autocorrelation were carried out modify results show that demand itself, internal all have certain impact on bitcoin. mainly affected by three factors: quantity, global average gross product users, among which largest.