PropertyValue
?:abstract
  • Utilizing the WHO COVID-19 pandemic statement, we test Bitcoin and Ethereum as safe-havens for stocks. We find that the two largest cryptocurrencies are suitable as short-term safe-havens. The DCC and cDCC results show that their daily returns tend to correlate with S&P500 return negatively during the pandemic. The regression results also robustly support the safe-haven features and uncover that Ethereum is possibly a better safe-haven than Bitcoin. However, we note that both coins exhibit high volatilities. Before (during) the pandemic daily volatilities of Bitcoin, Ethereum, gold, and the S&P500 are 3.44% (9.11%), 4.34% (10.96%), 0.89% (2.19%), and 1.27% (6.07%), respectively.
is ?:annotates of
?:creator
?:doi
?:doi
  • 10.1016/j.frl.2020.101798
?:journal
  • Financ_Res_Lett
?:license
  • no-cc
?:pdf_json_files
  • document_parses/pdf_json/64d2a5f1a2075d649cae670c90abaa6400436856.json
?:pmc_json_files
  • document_parses/pmc_json/PMC7566681.xml.json
?:pmcid
?:pmid
?:pmid
  • 33100925.0
?:publication_isRelatedTo_Disease
?:sha_id
?:source
  • Elsevier; Medline; PMC
?:title
  • Are Bitcoin and Ethereum Safe-Havens for Stocks during the Covid-19 Pandemic?
?:type
?:year
  • 2020-10-16

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