Cryptocurrencies such as Bitcoin are a high-risk asset class where very high returns are offset by large losses. In a nationally representative online survey of 3,864 German citizens, 354 (9.2%) reported owning cryptocurrencies in March 2019. We analyze a subpopulation of 225 cryptocurrency...

Coupled with the global pandemic and hyperinflation, the cryptocurrency innovation risks have led to significant price volatility. There is a significant effect of cryptocurrencies on traditional financial markets and contagion channels. This paper adopts the copula model to study the contagion...