TY - JOUR ID - 158732 TI - The Relation between Gold Price Movement and Bitcoin Investment Sentiment JO - International Journal of Management, Accounting and Economics JA - IJMAE LA - en SN - AU - Shahvari, Nastaran AD - Business Administration Department, Shariaty College, Technical and Vocational University, Tehran, Iran Y1 - 2022 PY - 2022 VL - 9 IS - 9 SP - 566 EP - 582 KW - bitcoin KW - Gold Prices KW - Sentiment analysis DO - 10.5281/zenodo.7179948 N2 - Considering the emotional behavior of investors in the cryptocurrency market, this paper comprehensively explores the sophisticated relationship between Bitcoin investor sentiment and gold price movements. The purpose of this study is to examine the impact of the gold price on investor sentiment of Bitcoin market traders and investors using monthly data from August 2020 to August 2022. The impact of oil prices on investor sentiment was examined using the Pooled Mean Group (PMG) method. The PMG approach considers short-term and long-term relationships between series and provides reliable results in the context of dynamic heterogeneous panel models. PMG implementations in all models show the short-term and long-term impact of the gold price on investor sentiment. The results also suggest that gold prices are positive and significant in the long run across all models, and that behavioral factors such as consumer sentiment and global economic stability are important in controlling gold prices at shorter time resolutions. Precious metals have had a positive impact on the Bitcoin market, UR - https://www.ijmae.com/article_158732.html L1 - https://www.ijmae.com/article_158732_3d06291ca3061d24e2104b5046f9fce3.pdf ER -