Bitcoin Hedging and Diversification Capabilities: An International Evidence

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Hazgui Samah
Hazgui Samah
1 University of Manouba.

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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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No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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Not applicable for this article.

Hazgui Samah. 2020. \u201cBitcoin Hedging and Diversification Capabilities: An International Evidence\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 20 (GJMBR Volume 20 Issue B9): .

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification: JEL Code: F6, G1
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v1.2

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August 22, 2020

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English

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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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Bitcoin Hedging and Diversification Capabilities: An International Evidence

Hazgui Samah
Hazgui Samah University of Manouba.

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