Gold, oil, and stocks as safe havens for Bitcoin
| Author: | Bc. Martin Nedvěd |
|---|---|
| Year: | 2022 - summer |
| Leaders: | prof. PhDr. Ladislav Krištoufek Ph.D. |
| Consultants: | |
| Work type: | Bachelors |
| Language: | English |
| Pages: | 48 |
| Awards and prizes: | |
| Link: | https://dspace.cuni.cz/handle/20.500.11956/173674 |
| 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. |
