Table 6.

Long-run relationship of market indices and bitcoin

CountriesAsian Markets Index
JPNJPN = 0.023181 – 62.63207BTC
[−22.7723]
KORKOR = 0.009627 – 117.6253BTC
[−22.8851]
STISTI = −0.003898 – 27.15635BTC
[−20.9501]
PHILPHIL = −0.069235 + 145.7809BTC
[21.3017]
HKHK = 0.002984 – 43.45732BTC
[−19.3074]

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