دورية أكاديمية
Can Bitcoin Glitter More Than Gold for Investment Styles?
| العنوان: | Can Bitcoin Glitter More Than Gold for Investment Styles? |
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| المؤلفون: | Muhammad Abubakr Naeem, Mudassar Hasan, Muhammad Arif, Syed Jawad Hussain Shahzad |
| المصدر: | SAGE Open, Vol 10 (2020) |
| بيانات النشر: | SAGE Publishing, 2020. |
| سنة النشر: | 2020 |
| المجموعة: | LCC:History of scholarship and learning. The humanities LCC:Social Sciences |
| مصطلحات موضوعية: | History of scholarship and learning. The humanities, AZ20-999, Social Sciences |
| الوصف: | We compare the hedging, safe-haven, and diversification potential of gold and Bitcoin for different investment styles and industry portfolios in the United States. We find that gold is at least a weak hedge for the style and industry portfolios except for utilities, energy, and telecom. The hedging potential of gold is comparatively higher for large-cap portfolios, whereas Bitcoin offers minimal hedging effectiveness. However, Bitcoin shows hedging potential for the noncyclical industries. Although investors need a higher amount of investment to hedge the downside risk using gold, it still is a superior hedging instrument compared with Bitcoin. Finally, the analysis using the conditional diversification approach shows that gold is a superior and stable diversifier for style and industry portfolios. Overall, our findings provide evidence of superior safe-haven and hedging potential of gold over Bitcoin. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English |
| تدمد: | 2158-2440 21582440 |
| Relation: | https://doaj.org/toc/2158-2440 |
| DOI: | 10.1177/2158244020926508 |
| URL الوصول: | https://doaj.org/article/a346e98323a6459fa290b1d3aa188f84 |
| رقم الأكسشن: | edsdoj.346e98323a6459fa290b1d3aa188f84 |
| قاعدة البيانات: | Directory of Open Access Journals |
Full Text Finder | تدمد: | 21582440 |
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| DOI: | 10.1177/2158244020926508 |