Electricity Net Generation and the Cryptocurrency Market

14 Pages Posted: 3 Dec 2019

See all articles by Hui-Pei Cheng

Hui-Pei Cheng

Soochow University, Taiwan

Kuang-Chieh Yen

Soochow University, Taiwan

Date Written: November 18, 2019


In this paper, we investigate whether the Bitcoin return can predict the electricity net generation in the United States. By utilizing the data from February 2014 to July 2019, we find that higher Bitcoin return leads to a higher electricity net generation via the possible channel that increases the Bitcoin trading volume. Furthermore, we find that the US-China trade war could weaken the connection between the U.S. electricity net generation and Bitcoin volume while the China crypto-trade policy has no effect on the relationship.

Keywords: Bitcoin, Electricity Net Generation, Return, Trading Volume

JEL Classification: C22, G15, D81

Suggested Citation

Cheng, Hui-Pei and Yen, Kuang-Chieh, Electricity Net Generation and the Cryptocurrency Market (November 18, 2019). Available at SSRN: https://ssrn.com/abstract=3488990 or http://dx.doi.org/10.2139/ssrn.3488990

Hui-Pei Cheng

Soochow University, Taiwan ( email )

No.56, Section 1, Kueiyang Street
Taipei, Taipei 100

Kuang-Chieh Yen (Contact Author)

Soochow University, Taiwan ( email )

56. kuei-yang St., Sec. 1
Taipei, Taiwan 10048

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