Bitcoin Price Prediction based on Artificial Intelligence Models

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Shadkam, Mohammad Saeed | 2021

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Type of Document: M.Sc. Thesis
Language: Farsi
Document No: 54298 (44)
University: Sharif University of Technology
Department: Management and Economics
Advisor(s): Arian, Hamid Reza; Talebian, Masoud
Abstract:
Cryptocurrencies (cryptos), as a new type of money, are considered a medium of exchange, an investment asset, and a hedging tool in today's world. In 2008, bitcoin as the first cryptocurrency was introduced, which has survived through recent years and has gained more and more popularity every day. Cryptos are one of the first applications of blockchain, the technology that many expect to revolutionize the future world in different ways. We aim to investigate what affects the bitcoin price, based on artificial intelligence and, in particular, machine learning. First, we find features impacting bitcoin price via a thorough investigation of the literature. Then, applying machine learning and deep learning models, we predict the next day's price. We show that our approach results in a better price prediction, beat the classic benchmark buy and hold strategy by more than 295% in profit
Keywords:
Cryptocurrency ; Blockchain ; Machine Learning ; Deep Learning ; Bitcoin ; Price Forecasting

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