Gold, oil, and stocks as safe havens for Bitcoin
|Author:||Bc. Martin Nedvěd|
|Year:||2022 - summer|
|Leaders:|| prof. PhDr. Ladislav Krištoufek Ph.D.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||Bitcoin is often compared to gold for its gold-like features such as a store of
value, a limited supply, and a safe haven. However, due to Bitcoin’s extreme
price movements, investors might rather look for a safe haven against Bitcoin.
In this thesis, we study such properties among traditional assets. Specifically,
we analyze gold, oil, and stocks as safe havens for Bitcoin on a sample period
from 2014 until March 2022. We find that gold acts as a strong safe haven
suggesting gold’s traditional role as a shelter during uncertainty holds also for
this crypto asset.