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dc.contributor.authorBakken, Ellinor Giske
dc.contributor.authorHøgset, Veronika
dc.date.accessioned2022-12-02T14:00:59Z
dc.date.available2022-12-02T14:00:59Z
dc.date.issued2022
dc.identifier.urihttps://hdl.handle.net/11250/3035684
dc.descriptionMasteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2022en_US
dc.description.abstractThe thesis examines whether cryptocurrency returns may be used to explain sentiment expressed on social media. To do this, we have constructed a unique dataset consisting of posts on Twitter and Reddit mentioning Bitcoin and market data. The average sentiment scores on Twitter and Reddit are predicted with a linear regression model using Bitcoin returns. Our analysis finds that Twitter users react positively to price increases and negatively to price falls. However, the explanatory power of the model is somewhat limited. In addition, we discover disparities in predicting power within the sample. When examining the proportion of positive and negative posts, we find that price movements impact the proportion of negative posts more than positive. On the other hand, we find no meaningful relationship between Bitcoin prices and sentiment expressed on Reddit. This thesis explores whether differences in risk preferences between Twitter and Reddit users might explain these findings.en_US
dc.language.isoengen_US
dc.publisherHandelshøyskolen BIen_US
dc.subjectfinans financeen_US
dc.titleBitcoin Returns – a Mood Killer?en_US
dc.typeMaster thesisen_US


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