hedging capabilities. We conclude that Bitcoin and Gold feature fundamentally different properties as assets and linkages to …Cryptocurrencies such as Bitcoin are establishing themselves as an investment asset and are often named the New Gold … variance properties of Bitcoin and Gold as well as other assets and nd differences in their structure. Secondly, we implement a …

define the expected return. Cryptocurrencies are based on the idea of decentralization initially introduced by bitcoin … blockchain technology and as such have their own historical sequence of origin. Since bitcoin is the first digital currency based … portfolio with different optimization goals taking into account the assumption of a significant systematic impact of bitcoin …

hedging model to account for heterogeneous investors in the Bitcoin market. For a short-term horizon, soybean futures reduce …The recent 50% drop in the price of the flagship cryptocurrency Bitcoin reinforces the persistent anxiety among … cryptocurrency investors. Can alternative assets hedge Bitcoin risk? This study investigates the ability of equities, commodities …