Bitcoin Hedging and Diversification Capabilities: An International Evidence

Hazgui Samah

Authors

Hazgui Samah

Keywords:

bitcoin, hedging performance, univariate and multivariate garch models

Abstract

Using daily data from 19 July 2010 to 11 July 2018, we find that the Bitcoin market can be regarded as a hedge on the one hand for the American dollar currency fluctuations and on the other hand for some stock index changes. Our overall results suggest that Bitcoin is the digital gold. Hence, it can be a useful tool for portfolio management and our results can help investors to make more informed decisions.

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How to Cite

Bitcoin Hedging and Diversification Capabilities: An International Evidence. (2020). Global Journal of Management and Business Research, 20(B9), 1-10. https://journalofbusiness.org/index.php/GJMBR/article/view/3203

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