[Lecture Series FS22] Transaction Dynamics of Blockchain and Predictable Bitcoin Bubbles

Details

Prof. Didier Sornette (ETH Zurich)

Abstract

Prof. Didier Sornette will present empirical and theoretical results on:

1. bubble dynamics and what we can learn from them [1,2]
2. the aging dynamics of bitcoin transactions and prices
3. The social bubble hypothesis applied to Bitcoin [3]
4. The question whether cryptocurrencies will replace fiat money? [4].

Literature

[1] Spencer Wheatley, Didier Sornette, Max Reppen, Tobias Huber and Robert N. Gantner, Are Bitcoin Bubbles Predictable? Combining a Generalised Metcalfe’s Law and the LPPLS Model, Royal Society Open Science 6, 180538, http://dx.doi.org/10.1098/rsos.180538, pages 1-13 (2019) Swiss Finance Institute Research Paper No. 18-22. (Available at SSRN: https://ssrn.com/abstract=3141050 )
[2] J.-C. Gerlach, G. Demos and D. Sornette, Dissection of Bitcoin’s Multiscale Bubble History from January 2012 to February 2018, Royal Society Open Science 6, 180643 (2019).(https://ssrn.com/abstract=3164246 ) (http://arxiv.org/abs/1804.06261)
[3] Tobias A. Huber and Didier Sornette, Boom, Bust, and Bitcoin: Bitcoin-Bubbles As Innovation Accelerators, Journal of Economic Issues 61(1), (March 2022).
(http://ssrn.com/abstract=3599179)
[4] Richard Senner and Didier Sornette, The Holy Grail of Crypto Currencies: Ready to replace fiat money? Journal of Economic Issues 53 (4), 966-1000 (2019) (http://ssrn.com/abstract=3192924)