Kripto Varlık Piyasasında Sürü Davranışı: Yatırımcı Elon Musk’ı İzler mi?

Year 2023, Volume: 7 Issue: 2, 132 - 148, 29.09.2023

Gamze Göçmen Yağcılar , Zühal Arslan

https://doi.org/10.31200/makuubd.1280719

Cited By: 1

Abstract

Bu çalışmada Elon Musk’ın twitter üzerinden kripto varlıklarla ilgili olarak paylaştığı tweetlerin kripto varlıklar üzerinde sürü davranışına neden olup olmadığı ele alınmış ve bulgular yüksek ve düşük getiri, yüksek ve düşük volatilite, pandemi dönemi ve pandemi dışı dönem kapsamında Elon Musk’ın tweet paylaştığı ve paylaşmadığı tarihler çerçevesinde değerlendirilmiştir. Çalışmada Tether, Binance ve USD Coin hariç Temmuz 2022 itibarıyla en yüksek piyasa kapitalizasyonuna sahip 17 para birimi kullanılmış ve 01.04.2019-14.07.2022 tarihleri arasında 59 farklı günde toplam 84 ayrı tweet incelenmiştir. Çalışma neticesinde Elon Musk’ın kripto varlıklar ile ilgili tweetlerinin kripto varlık piyasasında sürü davranışına neden olmadığı aksine pandemi harici diğer tüm dönemlerde ters sürü davranışına neden olduğuna dair bulgular elde edilmiştir.

Keywords

Kripto Varlık, Elon Musk, Twitter, Sürü Davranışı

Herd Behavior in Crypto Asset Market: Do Investor Follow Elon Musk?

Abstract

In this study, it is discussed whether Elon Musk's tweets about crypto assets cause herd behavior on crypto assets and the findings were evaluated within the scope of high and low returns, high and low volatility, pandemic period and non-pandemic period, within the framework of the dates Elon Musk tweeted and didn't. In the study, 17 currencies with the highest market capitalization as of July 2022, excluding Tether, Binance and USD Coin, were used and a total of 84 separate tweets were analyzed on 59 different days between 01.04.2019 and 14.07.2022. As a result of the study, findings revealed that Elon Musk's tweets about crypto assets do not cause herd behavior in the crypto asset market, on the contrary, they causes reverse herd behavior in all other periods except the pandemic.

Keywords

Crypto Asset, Elon Musk, Twitter, Herd Behavior

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