Identifying explanatory factors of bitcoin price with artificial neural networks

Abstract

This study aims to develop a new model that allows determining with high precision the factors that explain the price of bitcoin. To do this, an extensive database of variables related to bitcoin and artificial neural network techniques has been used. The results obtained have made it possible to identify that aspects related to the number of forum posts, the volume of transactions on the blockchain, and the hash rate provide an excellent strategy for predicting the price of bitcoi