global-journal-of-management-and-business-research-b-economic-commerce Global Journal of Management and Business Research - B: Economic & Commerce 0975-5853 2249-4588 Global Journals Publishing Group Incorporated 56880 Bitcoin Hedging and Diversification Capabilities: An International Evidence SamahHazgui TUNISIA, University of Manouba. 15 12 2020 20 B9 1 10

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.

 bitcoin hedging performance univariate and multivariate garch models. Full Text

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