PT  - JOURNAL ARTICLE
AU  - Angelo Corelli
AU  - Jatin Malhotra
TI  - Cryptocurrencies and Technology Indices: A Relationship and Causality Analysis
AID  - 10.3905/jwm.2022.1.191
DP  - 2022 Oct 31
TA  - The Journal of Wealth Management
PG  - 143--153
VI  - 25
IP  - 3
4099  - https://pm-research.com/content/25/3/143.short
4100  - https://pm-research.com/content/25/3/143.full
AB  - This article analyzes the relationship between cryptocurrencies and technology indices. The dataset includes eight different cryptocurrencies selected based on the traded volume and fifteen country technology indices. The analysis is carried out using multivariate regression of each of the cryptocurrencies vs. the technology indices, and Granger causality test. Results show that there exists a significant relationship between cryptocurrencies and different technology indices. We also show that the relationship fails between cryptocurrencies and technology indices if there is a complete ban on trading in cryptocurrencies in a country, and even if there is a partial ban, certainty of laws, integration, and acceptance of the cryptocurrency in the system plays a key role to establish relationship between cryptocurrencies and various technology indices. These findings provide an insight into the cryptocurrency regulations and trades undertaken by speculators.