Grandpa, Grandpa, Tell Me the One About Bitcoin Being a Safe Haven: New Evidence From the COVID-19 Pandemic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F20%3A00533623" target="_blank" >RIV/67985556:_____/20:00533623 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11230/20:10413841
Result on the web
<a href="https://www.frontiersin.org/articles/10.3389/fphy.2020.00296/full" target="_blank" >https://www.frontiersin.org/articles/10.3389/fphy.2020.00296/full</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3389/fphy.2020.00296" target="_blank" >10.3389/fphy.2020.00296</a>
Alternative languages
Result language
angličtina
Original language name
Grandpa, Grandpa, Tell Me the One About Bitcoin Being a Safe Haven: New Evidence From the COVID-19 Pandemic
Original language description
Bitcoin being a safe-haven asset is one of the traditional stories in the cryptocurrency community. However, during its existence and relevant presence, i.e., approximately since 2013, there has been no severe situation on the financial markets globally to prove or disprove this story until the COVID-19 pandemic. We study the quantile correlations of Bitcoin and two benchmarks—the S&P 500 and VIX—and make comparison with gold as the traditional safe-haven asset. The Bitcoin safe haven story is shown and discussed to be unsubstantiated and far-fetched, while gold comes out as a clear winner in this contest even when a broader cryptocurrency index (CRIX) is considered.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
<a href="/en/project/GA20-17295S" target="_blank" >GA20-17295S: Cryptoassets: Pricing, Interconnectedness, Mining, and their Interactions</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Frontiers in Physics
ISSN
2296-424X
e-ISSN
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Volume of the periodical
8
Issue of the periodical within the volume
7
Country of publishing house
CH - SWITZERLAND
Number of pages
6
Pages from-to
296
UT code for WoS article
000561678000001
EID of the result in the Scopus database
2-s2.0-85089536942