🚀【Research on the driving factors of crypto asset prices】🚀
Recently, researchers from Uniswap Labs, Copenhagen Business School and Circle published an interesting paper exploring the factors that affect cryptocurrency returns. The study used a structural vector autoregression model to decompose Bitcoin returns into three factors: conventional risk premium, monetary policy and crypto-specific shocks.
The study found that the decline in the crypto market in 2022 was mainly affected by tight monetary policy, while the compression of crypto risk premiums has become the main driving force since 2023. Does this mean that the crypto market is maturing? 🤔
Welcome to share your views in the comment section! 💬