Safe havens for Bitcoin
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F23%3A00583788" target="_blank" >RIV/67985556:_____/23:00583788 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11230/23:10456361
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S1544612322006134?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/pii/S1544612322006134?via%3Dihub</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.frl.2022.103436" target="_blank" >10.1016/j.frl.2022.103436</a>
Alternative languages
Result language
angličtina
Original language name
Safe havens for Bitcoin
Original language description
We examine whether gold, crude oil, and stock markets could serve as safe havens for Bitcoin. As an investor into cryptoassets faces high risk when holding for longer periods and might be interested in diversifying and hedging outside of cryptoassets, these traditional assets might be of interest. We find that Bitcoin moves together with the stock markets but oil and gold can serve as safe havens. Specifically gold is identified as a strong safe haven for Bitcoin. In addition, we describe the evolution of the stocks–Bitcoin nexus which unveils in the safe haven discussion. Our results aim to lay foundations for further discussions into the topic of safe havens for cryptoassets as these are becoming increasingly standard part of investors’ portfolios, being it institutional or retail, and thus protection against their extreme movements and diversifications of their risk will play an important role in the investors’ decision making.
Czech name
—
Czech description
—
Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50206 - Finance
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
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Finance Research Letters
ISSN
1544-6123
e-ISSN
1544-6131
Volume of the periodical
51
Issue of the periodical within the volume
1
Country of publishing house
US - UNITED STATES
Number of pages
6
Pages from-to
103436
UT code for WoS article
000899867100025
EID of the result in the Scopus database
2-s2.0-85142004250