CEU Electronic Theses and Dissertations, 2023
| Author | Zhumagaziyev, Sherkhan |
|---|---|
| Title | Can Reddit Sentiment Predict Bitcoin Returns? |
| Summary | The goal of this study is to test whether Reddit sentiment can predict Bitcoin returns. I choose an available dataset that has all posts and comments from the Reddit platform containing ‘Bitcoin’ between 2016 and 2019. Using VADER, a language model pre-trained on the large corpora of social media text, I quantify the collected text and compute a daily sentiment score over the period. Then I conduct Granger causality tests to explore the relationship between Reddit sentiment and Bitcoin returns. In contrast to similar studies on Twitter sentiment and Bitcoin performance, I find that there is not enough evidence to state that Reddit sentiment has predictive power for Bitcoin returns. |
| Supervisor | Lee, Tomy |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2023/zhumagaziyev_sh.pdf |
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