Holovatiuk, Olha - In: Central European economic journal 7 (2020) 54, pp. 35-55
In this paper, cryptocurrencies are analysed as investment instruments. The study aims to verify whether they can be … properties. Portfolio optimisation with the Modern Portfolio Theory showed an increase in the Sharpe ratio of tangency portfolios … with the inclusion of CRIX. However, the Post-Modern Portfolio Theory identified significant deterioration of the downside …