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Crypto-assets better safe-havens than Gold during Covid-19: The case of European indices

Author

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  • Alhonita Yatie

    (BSE - Bordeaux Sciences Economiques - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique)

Abstract

As the first crisis faced by Crypto-assets, Covid-19 updated the debate about their safehaven properties. Our paper tries to analyze the safe-haven properties of Crypto-assets and Gold for European assets. We find that Gold has not been more efficient than Cryptoassets (Tether, Cardano and Dogecoin) as safe-haven during the market crash due to Covid-19 in March 2020. We also found that during the study period Bitcoin, Ethereum, Litecoin and Ripple were just diversifiers for the European indices. Finally, Tether, Cardano and Dogecoin showed hedging properties like Gold before and after the market crash.

Suggested Citation

  • Alhonita Yatie, 2022. "Crypto-assets better safe-havens than Gold during Covid-19: The case of European indices," Working Papers hal-03579957, HAL.
    • Handle: RePEc:hal:wpaper:hal-03579957
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    References listed on IDEAS

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    Cited by:

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    Keywords

    Cryptoassets; Covid-19; Safe-haven; Bitcoin; Gold;
    All these keywords.

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