Is Bitcoin a Relevant Predictor of Standard Poor’s 500?

摘要

The paper investigates whether Bitcoin is a good predictor of the StandardandPoor’s 500Index. To answer this question we compare alternative models using a point and density forecastrelying on Dynamic Model Averaging (DMA) and Dynamic Model Selection (DMS). According toour results, Bitcoin does not show any direct impact on the predictability of StandardandPoor’s 500for the considered sample.