{"ID":2838937,"CreatedAt":"2026-06-01T04:54:23.091178241Z","UpdatedAt":"2026-06-01T04:54:23.091178241Z","DeletedAt":null,"paper_url":"https://arxiv.org/abs/2511.17646","arxiv_id":"2511.17646","title":"Bayesian probabilistic exploration of Bitcoin informational quanta and interactions under the GITT-VT paradigm","abstract":"This study explores Bitcoin's value formation through the Granular Interaction Thinking Theory-Value Theory (GITT-VT). Rather than stemming from material utility or cash flows, Bitcoin's value arises from informational attributes and interactions of multiple factors, including cryptographic order, decentralization-enabled autonomy, trust embedded in the consensus mechanism, and socio-narrative coherence that reduce entropy within decentralized value-exchange processes. To empirically assess this perspective, a Bayesian linear model was estimated using daily data from 2022 to 2025, operationalizing four informational value dimensions: Store-of-Value (SOV), Autonomy (AUT), Social-Signal Value (SSV), and Hedonic-Sentiment Value (HSV). Results indicate that only SSV exerts a highly credible positive effect on next-day returns, highlighting the dominant role of high-entropy social information in short-term pricing dynamics. In contrast, SOV and AUT show moderately reliable positive associations, reflecting their roles as low-entropy structural anchors of long-term value. HSV displays no credible predictive effect. The study advances interdisciplinary value theory and demonstrates Bitcoin as a dual-layer entropy-regulating socio-technological ecosystem. The findings offer implications for digital asset valuation, investment education, and future research on entropy dynamics across non-cash-flow digital assets.","short_abstract":"This study explores Bitcoin's value formation through the Granular Interaction Thinking Theory-Value Theory (GITT-VT). Rather than stemming from material utility or cash flows, Bitcoin's value arises from informational attributes and interactions of multiple factors, including cryptographic order, decentralization-enab...","url_abs":"https://arxiv.org/abs/2511.17646","url_pdf":"https://arxiv.org/pdf/2511.17646v1","authors":"[\"Quan-Hoang Vuong\",\"Viet-Phuong La\",\"Minh-Hoang Nguyen\"]","published":"2025-11-20T06:46:03Z","proceeding":"cs.CY","tasks":"[\"cs.CY\",\"econ.GN\"]","methods":"[\"LoRA\"]","has_code":false}