Rubaiyat Ahsan Bhuiyan; Husain, Afzol; Zhang, Changyong - In: Financial innovation : FIN 9 (2023) 1, pp. 1-36
To measure the diversification capability of Bitcoin, this study employs wavelet analysis to investigate the coherence … of Bitcoin price with the equity markets of both the emerging and developed economies, considering the COVID-19 pandemic … with gold, Bitcoin consistently provides diversification opportunities with all six representative market indices examined …