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Question 1 Refer to Figure 11.20 which shows the time series plot of Bitcoin's value over the period 2013 to 2015. Using the models

Question 1 Refer to Figure 11.20 which shows the time series plot of Bitcoin's value over the period 2013 to 2015. Using the models of bubbles, and the arguments for and against the existence of bubbles, provide a short account (around 200 words) of the data in the figure. 1,200 Bitcoin price ($) 900 600 300 Jan 13 May 13 Sep 13 Jan 14 May 14 Sep 14 Jan 15 May 15 Date (30 marks)

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