| Title |
Bitcoin's role in a new financial system / |
| Translation of Title |
Bitcoin vaidmuo naujoje finansų sistemoje. |
| Authors |
El Houchaimi, Hicham |
| Full Text |
|
| Pages |
57 |
| Keywords [eng] |
Bitcoin’s Role in a New Financial System |
| Abstract [eng] |
Bitcoin is often mentioned as a potential safe haven asset. In order to examine the safe haven properties of Bitcoin we compared the possible downside risk of allocating Bitcoin to various international equities to that of allocating gold to the same equities. The period studied in this research paper is since the start of the COVID-19 pandemic from December 2019 to May 2021which resulted in an unprecedent economic crisis. The results confirmed the save haven properties of Gold where allocating gold to equities portfolios resulted in a decrease of the potential downside risk. However, Bitcoin allocation caused an increase in portfolio risk, discrediting the hypothesis that Bitcoin can be used as a safe haven asset. |
| Dissertation Institution |
Vilniaus universitetas. |
| Type |
Master thesis |
| Language |
English |
| Publication date |
2024 |
