COVID-19 pandemic and the safe haven property of Bitcoin

Ibrahim D. Raheem

doi:10.1016/j.qref.2021.06.004

COVID-19 pandemic and the safe haven property of Bitcoin

Ibrahim D. Raheem

School of Economics

Research output: Contribution to journal › Article › peer-review

36 Citations (Scopus)

3 Downloads (Pure)

Abstract

The commentaries in the literature point out that cryptocurrencies, particularly Bitcoin, provide safe haven features to investors. The advent of COVID-19 pandemic offers a perfect opportunity to test this hypothesis. This study tries to validate this claim by examining the safe haven prowess of Bitcoin against measures of uncertainty (VIX, EPU, and Oil Shock). We further make a comparison between pre-and post-COVID-19 analyses. Results confirm that prior to COVID-19, Bitcoin was able to maintain its widely acknowledged characteristics. However, the post COVID-19 announcement upturned the tides previously identified.

Original language	English
Pages (from-to)	370-375
Number of pages	6
Journal	Quarterly Review of Economics and Finance
Volume	81
Early online date	24 Jun 2021
DOIs	https://doi.org/10.1016/j.qref.2021.06.004
Publication status	Published - Aug 2021

Keywords

Bitcoin
COVID-19
Safe haven
Uncertainty

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10.1016/j.qref.2021.06.004

Accepted manuscriptAccepted author manuscript, 466 KBLicence: CC BY-NC-ND

Cite this

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COVID-19 pandemic and the safe haven property of Bitcoin

Abstract

Keywords

Access to Document

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