Volatility of Bitcoin in a European Context
In 2009, Bitcoin was introduced to the world. Today, ten years later, there are still gaps in the research of how to model the cryptocurrency. In this thesis, the capacities of different volatility models to capture the high volatility of Bitcoin returns are investigated. The models used are GARCH-type models: GARCH(1,1), IGARCH(1,1) and GJR-GARCH(1,1). Jumps, or outliers, are also detected and fi