---
title: Bitcoin Price Dynamics: Value vs Speculation
url: https://www.ml-quant.com/papers/ssrn/5071051/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 5071051
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5071051
featured: 2025-01-01
citations: unknown
topic: Crypto & DeFi
---


# Bitcoin Price Dynamics: Value vs Speculation

Value vs Speculation: The article presents a theoretical model of Bitcoin's market price volatility, attributing it to the interaction between fundamentalists and speculators.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5071051
- Identifier: SSRN 5071051
- Released: 2024-12-24
- First featured: Quant Letter No. 80 (2025-01-01): https://www.ml-quant.com/issues/2025-01-01/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Crypto & DeFi

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