The diffusion process of Bitcoin

dc.authorid0000-0002-4326-3922en_US
dc.authorid0000-0002-6270-966Xen_US
dc.contributor.authorEryiğit, Canan
dc.contributor.authorEryiğit, Mehmet
dc.date.accessioned2023-06-12T06:43:02Z
dc.date.available2023-06-12T06:43:02Z
dc.date.issued2021en_US
dc.departmentBAİBÜ, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümüen_US
dc.description.abstractThis article reports the results of an investigation of the diffusion of cryptocurrencies. The Bass diffusion model is used to estimate the diffusion patterns of Bitcoin. In addition, the size and time intervals of adopter categories are examined. The unit of analysis is quarterly data of new wallets. The data covered 37 quarterly observations for the periods from the last quarter of 2011 to the second quarter of 2020. The parameters of the Bass model are estimated through Ordinary Least Squares (OLS) estimations. The diffusion curve of Bitcoin is developed based on the estimated parameters. The results indicate that the diffusion of Bitcoin has passed early adoption and takeoff periods and is close to maturity. The estimated diffusion process indicates that innovators, early adopters, early majority, late majority, and laggards had adopted Bitcoin. The findings may guide communication decisions with different types of investors and government regulation plans.en_US
dc.identifier.citationEryiğit, C., & Eryiğit, M. (2021). The diffusion process of Bitcoin. Global & Local Economic Review, 25(1).en_US
dc.identifier.endpage132en_US
dc.identifier.issn1722-4241
dc.identifier.issn1974-5125
dc.identifier.issue1en_US
dc.identifier.startpage73en_US
dc.identifier.urihttps://www.webofscience.com/wos/woscc/full-record/WOS:000733152700002
dc.identifier.urihttps://hdl.handle.net/20.500.12491/11100
dc.identifier.volume25en_US
dc.identifier.wosWOS:000733152700002en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.institutionauthorEryiğit, Mehmet
dc.language.isoenen_US
dc.publisherEdizioni Tracceen_US
dc.relation.ispartofGlobal & Local Economic Reviewen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectInnovation Diffusionen_US
dc.subjectCryptocurrencyen_US
dc.subjectBitcoinen_US
dc.subjectBass Modelen_US
dc.subjectAdopter Categoriesen_US
dc.titleThe diffusion process of Bitcoinen_US
dc.typeArticleen_US

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