Flight to Bitcoin

This paper uncovers an overlooked motivation of Bitcoin investment: investors hold Bitcoin as an asset on which government authorities have limited influence. Consistent with this motivation, we document a flight-to-Bitcoin (FTB) phenomenon whereby local demand for Bitcoin increases with local econo...

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Bibliographic Details
Main Authors: YU, Yang, ZHANG, Jinyuan
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2022
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/7437
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8436/viewcontent/Flight_to_Bitcoin.pdf
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Institution: Singapore Management University
Language: English