Cryptocurrencies Versus Gold: Safe-Haven Competition

Aymen Mselmi; Imen Mahmoud

doi:10.32479/ijefi.17395

International Journal of Economics and Financial Issues (Oct 2024)

Cryptocurrencies Versus Gold: Safe-Haven Competition

Aymen Mselmi,
Imen Mahmoud

Affiliations

Aymen Mselmi: College of Business, University of Jeddah, Saudi Arabia; & Higher Institute of Business Administration of Gafsa (ISAEG), University of Gafsa, Tunisia; & Laboratory of Research in Innovative Management Risk, Accounting and Finance, University of Manouba, Tunisia
Imen Mahmoud: Laboratory of Research in Innovative Management Risk, Accounting and Finance, University of Manouba, Tunisia

DOI: https://doi.org/10.32479/ijefi.17395
Journal volume & issue: Vol. 14, no. 6

Abstract

Read online

This study investigated the impact of the COVID-19 pandemic on two cryptocurrencies, Bitcoin and Ethereum, on the one hand, and gold, on the other hand. We analysed a large dataset from 13 countries worldwide. This study aimed to identify a reliable safe haven for investors during a health crisis. Our results indicated a positive association between Bitcoin and Ethereum prices and the COVID-19 variables. However, the relationship between gold prices and COVID-19 health indicators differed among countries, with inconsistent results.

Cryptocurrencies, Bitcoin, Ethereum, Gold, COVID-19

Published in International Journal of Economics and Financial Issues

ISSN: 2146-4138 (Online)
Publisher: EconJournals
Country of publisher: Türkiye
LCC subjects: Social Sciences: Commerce: Business; Social Sciences: Economic theory. Demography: Economics as a science
Website: http://www.econjournals.com/index.php/ijefi

About the journal

Abstract

Keywords