Abstract
Today's society is full of uncertainty, especially during the outbreak of the Russian Ukrainian Conflict, oil prices have changed. This paper uses VAR model and ARMA-GARCHX model to figure out if the high price of oil due to the conflicts between Russia and Ukraine will lead to changes in the price of Bitcoin. Through the use of STATA, it is concluded that in an uncertain market, the price of Bitcoin will be affected by the rise in oil prices. This paper combines the Russian Ukrainian conflict, oil price and Bitcoin price, and uses relevant data to fill in the relevant theories of the impact of the Russian Ukrainian conflict. Therefore, in the process of consumer investment, investors should not only pay attention to the benefits of Bitcoin, but also pay attention to many shortcomings of this emerging virtual currency. Besides, supervisors should improve the stability in the Bitcoin market.
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