Effect of World Oil Prices on Cryptocurrency Return

M. Heikal, Maulana Majied Sumatrani Saragih, Rico Nur ilham, M. Khaddafi, Rusydi Rusydi
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引用次数: 4

Abstract

This study aims to determine the effect ofWorld Oil Priceseffect on Return Cryptocurrency. The researcher uses a descriptive quantitative approach. Replication research is the repetition of the basic experiment. The analytical method used is multiple linear regression model. As for the results of this study, the variable World Oil Price (X) can explain the Return Cryptocurrency variable (Y) of 27.9%.variableWorld Oil Prices(X) significant effectagainst the Return Cryptocurrency variable (Y). Oil price fluctuations on the world market have an effect on Cryptocurrency Return. In this study, it is found that fluctuations in oil prices in the world market have a positive impact on Cryptocurrency Return. That is, the increase in oil prices encourages the rise of Cryptocurrencies. Researchers suggest to pay more attention to world oil prices first before other commodities, because the impact of world oil prices is very large on commodity prices worldwide. So, for example, a decline in world oil prices can affect Cryptocurrency Return.
世界油价对加密货币回归的影响
本研究旨在确定世界石油价格对回报加密货币的影响。研究人员采用了描述性的定量方法。重复性研究是对基本实验的重复。分析方法采用多元线性回归模型。对于本研究的结果,变量世界石油价格(X)可以解释27.9%的回报加密货币变量(Y)。可变的世界石油价格(X)对加密货币回报变量(Y)的显著影响。世界市场上的石油价格波动对加密货币回报有影响。在本研究中,我们发现世界市场的油价波动对加密货币的回报有积极的影响。也就是说,油价的上涨鼓励了加密货币的崛起。研究人员建议首先关注世界石油价格,而不是其他商品,因为世界石油价格对全球商品价格的影响非常大。因此,例如,世界油价下跌可能会影响加密货币的回报。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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