1.

3 Research Questions

The following research questions were raised to guide the study

1. What is the impact of bitcoin nominal value on market capitalization.?

2. What is the impact of bitcoin real value on market capitalization.?

3. What is the impact of bitcoin volume on market capitalization.?

1.4 Objective of the Study

The aim of this study is to examine the bitcoin valuation techniques: market value prediction and

intrinsic value. The specific objectives are to:

1. Examine the impact of bitcoin nominal value on market capitalization.

2. Determine the impact of bitcoin real value on market capitalization.

3. Identify the impact of bitcoin volume on market capitalization.

1.5 Hypotheses of the Study

Based on the objectives of this study, the following null hypotheses are formulated.

Ho1 Bitcoin nominal value has no significant impact on market capitalization.

Ho2 Bitcoin real value has no significant impact on market capitalization.

Ho3 Bitcoin volume has no significant impact on market capitalization.