Bitcoin Hedging and Diversification Capabilities: An International Evidence

Hazgui Samah

Bitcoin Hedging and Diversification Capabilities: An International Evidence

Hazgui Samah * §

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§ University of Manouba.

Bitcoin Hedging and Diversification Capabilities: An International Evidence

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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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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

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

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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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Classification

GJMBR-B Classification JEL Code: F6

Submission ReceivedNovember 9, 2020
Peer Review Double Blind
Handling Editor
Accepted December 4, 2020
Published December 15, 2020

Version of record

v1.2

Issue date

August 22, 2020

Language

English

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