Bitcoin Is Volatile! Isn’t that Right?

Conference paper
Part of the Lecture Notes in Business Information Processing book series (LNBIP, volume 183)


In this study, we substantiate with financial data collection and analysis the hypothesis regarding the volatility of Bitcoin exchange rate against common currencies. Financial data were collected from July 2010 until April 2014. The raw annualised volatility of Bitcoin is compared to conventional and major exchange rates. The first set of results indicate a high value of annualised volatility for the Bitcoin exchange rate. When the volume of Bitcoin transactions is considered, the volatility of the Bitcoin exchange rate stabilizes significantly.


Bitcoin Exchange rate Volume Volatility 


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Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  1. 1.School of BusinessUniversity of NicosiaNicosiaCyprus

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