Using the Bitcoin Transaction Graph to Predict the Price of Bitcoin
نویسندگان
چکیده
Bitcoin is the world’s leading cryptocurrency, allowing users to make transactions securely and anonymously over the Internet. In recent years, The Bitcoin the ecosystem has gained the attention of consumers, businesses, investors and speculators alike. While there has been significant research done to analyze the network topology of the Bitcoin network, limited research has been performed to analyze the network’s influence on overall Bitcoin price. In this paper, we investigate the predictive power of blockchain network-based features on the future price of Bitcoin. As a result of blockchain-networkbased feature engineering and machine learning optimization, we obtain up-down Bitcoin price movement classification accuracy of roughly 55%.
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