Investor Behavior in Gold, US Dollars and Cryptocurrency during Global Pandemics

Yoochan Kim; Erkan Topal; Apurna Kumar Ghosh; Mohammad Waqar Ali Asad

doi:10.3390/economies12030064

Economies (Mar 2024)

Investor Behavior in Gold, US Dollars and Cryptocurrency during Global Pandemics

Yoochan Kim,
Erkan Topal,
Apurna Kumar Ghosh,
Mohammad Waqar Ali Asad

Affiliations

Yoochan Kim: Western Australian School of Mines, Curtin University, Locked Bag 30, Kalgoorlie, WA 6433, Australia
Erkan Topal: Western Australian School of Mines, Curtin University, Locked Bag 30, Kalgoorlie, WA 6433, Australia
Apurna Kumar Ghosh: Western Australian School of Mines, Curtin University, Locked Bag 30, Kalgoorlie, WA 6433, Australia
Mohammad Waqar Ali Asad: Western Australian School of Mines, Curtin University, Locked Bag 30, Kalgoorlie, WA 6433, Australia

DOI: https://doi.org/10.3390/economies12030064
Journal volume & issue: Vol. 12, no. 3
p. 64

Abstract

Read online

COVID-19 and SARS are epidemics which have influenced the largest global economic crisis in recent years. This research reveals that both SARS and COVID-19 have led to fluctuations in the prices of gold and the US dollar index; however, there is no direct causal relationship be-tween COVID-19 and the price of bitcoin. The USD index saw a significant increase during the SARS outbreak, while gold prices surged during the COVID-19 pandemic. The notion that cryptocurrency will surpass the value of gold or traditional currencies seems improbable, given the lack of evidence linking bitcoin prices to COVID-19. Gold is expected to maintain its value in the long term, offering lower risk compared to other currencies.

Published in Economies

ISSN: 2227-7099 (Online)
Publisher: MDPI AG
Country of publisher: Switzerland
LCC subjects: Social Sciences: Economic theory. Demography: Economics as a science
Website: http://www.mdpi.com/journal/economies

About the journal

Abstract

Keywords