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Does Attention to Global Warming Cool Off Cryptocurrencies?

SSRN Electronic Journal
2023
  • 0
    Citations
  • 165
    Usage
  • 1
    Captures
  • 0
    Mentions
  • 0
    Social Media
Metric Options:   Counts1 Year3 Year

Metrics Details

  • Usage
    165
    • Abstract Views
      137
    • Downloads
      28
  • Captures
    1
    • Readers
      1
      • SSRN
        1

Article Description

We address this question by investigating how Google users’ search on global warming is associated with the trading activeness of Ethereum, the second largest cryptocurrency in the world. Exploiting Ethereum’s transition to a green blockchain (i.e., “The Merge”), we find that before the transition, Google search on global warming is negatively associated with the transaction volumes of Ethereum, but the relationship turns significantly positive after The Merge, suggesting online users’ green orientation towards energy-efficient cryptocurrencies. Our analysis sheds light upon an emerging research on the environmental issues in crypto markets.

Bibliographic Details

Yang Ji; Dongxu Li; Yiran Ning

Elsevier BV

Cryptocurrency&#x3b; Public attention&#x3b; Sustainability&#x3b; Global warming

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