Ekonometrické hodnocení faktorů ovlivňujících cenu Bitcoinu

Abstract

This diploma thesis focuses on the econometric evaluation of factors influencing the price of Bitcoin. The aim of the thesis is to analyze the relationship between Bitcoin price development and selected macroeconomic, financial, behavioral, and technological variables. The theoretical part defines the economic nature of Bitcoin, its market characteristics, and the specific features of its functioning. The empirical part uses monthly data from 2020 to 2025 and applies a time-series regression model to assess the significance of selected determinants. The results indicate that the price of Bitcoin is influenced mainly by investor interest and developments in technology-oriented financial markets, while the impact of the other examined variables is less conclusive.