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Cryptocurrencies Versus Gold: Safe-Haven Competition

Author

Listed:
  • Aymen Mselmi

    (College of Business, University of Jeddah, Saudi Arabia; Higher Institute of Business Administration of Gafsa (ISAEG), University of Gafsa, Tunisia; Laboratory of Research in Innovative Management Risk, Accounting and Finance, University of Manouba, Tunisia)

  • Imen Mahmoud

    (Laboratory of Research in Innovative Management Risk, Accounting and Finance, University of Manouba, Tunisia)

Abstract

This study investigated the impact of the COVID-19 pandemic on two cryptocurrencies, Bitcoin and Ethereum, on the one hand, and gold, on the other hand. We analysed a large dataset from 13 countries worldwide. This study aimed to identify a reliable safe haven for investors during a health crisis. Our results indicated a positive association between Bitcoin and Ethereum prices and the COVID-19 variables. However, the relationship between gold prices and COVID-19 health indicators differed among countries, with inconsistent results.

Suggested Citation

  • Aymen Mselmi & Imen Mahmoud, 2024. "Cryptocurrencies Versus Gold: Safe-Haven Competition," International Journal of Economics and Financial Issues, Econjournals, vol. 14(6), pages 201-210, October.
    • Handle: RePEc:eco:journ1:2024-06-22
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    More about this item

    Keywords

    Cryptocurrencies; Bitcoin; Ethereum; Gold; COVID-19;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market

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