Demand elasticities of Bitcoin and Ethereum
Akanksha Jalan, Roman Matkovskyy, Andrew Urquhart · Economics Letters · 2022
In this paper we analyze dynamic demand elasticity for Bitcoin and Ethereum in terms of price, transaction fees, and energy usage. We find that while both BTC and ETH have significantly positive price elasticities, transaction fee elasticity is negative and positive for BTC and ETH respectively, indicating differences in potential uses for these cryptocurrencies.