作者
Thomas Conlon, Richard J McGee
发表日期
2020/6/1
期刊
Economics Letters
卷号
191
页码范围
108727
出版商
North-Holland
简介
We measure lottery appetite using historical gaming transaction data of Bitcoin holders. Changes in the volume spent on the most lottery-like gambling wallet explain 32% of variation in the returns to the BTC price pre-2016, but this effect disappears post-2016.
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