What Goes Up……: modelling the Bitcoin rollercoaster ride

Cryptocurrencies have attracted increasing attention worldwide. Cryptocurrency assets are likely to remain a viable choice for the public in long term. In this paper, the modelling of cryptocurrency price is explored in Bitcoin bubbles prior to and during the COVID-19 pandemic. As shown here, it is necessary and possible to understand the dynamics in plausible proxy variables. A similar methodology could be deployed in other situations where market bubbles occur.