Work detail

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.
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