Matches in SemOpenAlex for { <https://semopenalex.org/work/W2890295576> ?p ?o ?g. }
Showing items 1 to 77 of
77
with 100 items per page.
- W2890295576 abstract "Bitcoin has become a mainstream in the financial world. It has several similarities with Gold as low correlation with stocks, inflation hedge, government decentralization and the no currency attachment. Therefore, the name of the new “Digital Gold”. This study compares Gold and Bitcoin, offered as an alternatives financial assets. Thus, there are two research questions. First, if Bitcoin helps to reduce risk within a well-diversified equity portfolio, represented by the S&P 500. Second, if Bitcoin improves risk-return relation. Both questions are compared with Gold. Hence, two the financial approaches are the Minimum Portfolio Variance and the Tangency Portfolio. In order to have a solid base, this study evaluates in-sample and out-sample portfolios of rolling windows for 3, 6 and 12 months horizons. The results of the first question suggest that even the correlation coefficients are extremely low, they are not enough to mitigate risk because of Bitcoin high volatility. The in-sample and out-sample analysis demonstrate Bitcoin does not help to reduce risk in an equity portfolio as Gold does. For the second question, Bitcoin offers a better risk premium than Gold for in-sample and out-sample and considering both frameworks: long and long-short. However, Gold still gives a high premium per unit of risk. Therefore, Gold is also a good investment asset. Hence, even the similarities between both assets, Bitcoin cannot be considered as the new “Digital Gold” because it is still in the infancy stage to be treated as Gold. (Less)" @default.
- W2890295576 created "2018-09-27" @default.
- W2890295576 creator A5006902735 @default.
- W2890295576 creator A5081671137 @default.
- W2890295576 date "2018-01-01" @default.
- W2890295576 modified "2023-09-27" @default.
- W2890295576 title "Bitcoin: The New Digital Gold?" @default.
- W2890295576 cites W119919366 @default.
- W2890295576 cites W1991927132 @default.
- W2890295576 cites W20867341 @default.
- W2890295576 cites W2128722040 @default.
- W2890295576 cites W2145501956 @default.
- W2890295576 cites W2232050559 @default.
- W2890295576 cites W2566835421 @default.
- W2890295576 cites W3121940608 @default.
- W2890295576 cites W3123598957 @default.
- W2890295576 cites W3125157582 @default.
- W2890295576 cites W3125361290 @default.
- W2890295576 cites W591063494 @default.
- W2890295576 hasPublicationYear "2018" @default.
- W2890295576 type Work @default.
- W2890295576 sameAs 2890295576 @default.
- W2890295576 citedByCount "0" @default.
- W2890295576 crossrefType "journal-article" @default.
- W2890295576 hasAuthorship W2890295576A5006902735 @default.
- W2890295576 hasAuthorship W2890295576A5081671137 @default.
- W2890295576 hasConcept C106159729 @default.
- W2890295576 hasConcept C11039479 @default.
- W2890295576 hasConcept C144133560 @default.
- W2890295576 hasConcept C162324750 @default.
- W2890295576 hasConcept C185592680 @default.
- W2890295576 hasConcept C18903297 @default.
- W2890295576 hasConcept C198531522 @default.
- W2890295576 hasConcept C2780821815 @default.
- W2890295576 hasConcept C43617362 @default.
- W2890295576 hasConcept C70771513 @default.
- W2890295576 hasConcept C86803240 @default.
- W2890295576 hasConcept C91602232 @default.
- W2890295576 hasConceptScore W2890295576C106159729 @default.
- W2890295576 hasConceptScore W2890295576C11039479 @default.
- W2890295576 hasConceptScore W2890295576C144133560 @default.
- W2890295576 hasConceptScore W2890295576C162324750 @default.
- W2890295576 hasConceptScore W2890295576C185592680 @default.
- W2890295576 hasConceptScore W2890295576C18903297 @default.
- W2890295576 hasConceptScore W2890295576C198531522 @default.
- W2890295576 hasConceptScore W2890295576C2780821815 @default.
- W2890295576 hasConceptScore W2890295576C43617362 @default.
- W2890295576 hasConceptScore W2890295576C70771513 @default.
- W2890295576 hasConceptScore W2890295576C86803240 @default.
- W2890295576 hasConceptScore W2890295576C91602232 @default.
- W2890295576 hasLocation W28902955761 @default.
- W2890295576 hasOpenAccess W2890295576 @default.
- W2890295576 hasPrimaryLocation W28902955761 @default.
- W2890295576 hasRelatedWork W1479770568 @default.
- W2890295576 hasRelatedWork W1557877835 @default.
- W2890295576 hasRelatedWork W1561135352 @default.
- W2890295576 hasRelatedWork W1899878014 @default.
- W2890295576 hasRelatedWork W1998609969 @default.
- W2890295576 hasRelatedWork W2069850558 @default.
- W2890295576 hasRelatedWork W2098615868 @default.
- W2890295576 hasRelatedWork W2189519813 @default.
- W2890295576 hasRelatedWork W2489006100 @default.
- W2890295576 hasRelatedWork W2493211381 @default.
- W2890295576 hasRelatedWork W2769981420 @default.
- W2890295576 hasRelatedWork W2801921162 @default.
- W2890295576 hasRelatedWork W2883393823 @default.
- W2890295576 hasRelatedWork W2896574323 @default.
- W2890295576 hasRelatedWork W2936200992 @default.
- W2890295576 hasRelatedWork W2986764702 @default.
- W2890295576 hasRelatedWork W3092083858 @default.
- W2890295576 hasRelatedWork W3125237179 @default.
- W2890295576 hasRelatedWork W3127740128 @default.
- W2890295576 hasRelatedWork W1872169585 @default.
- W2890295576 isParatext "false" @default.
- W2890295576 isRetracted "false" @default.
- W2890295576 magId "2890295576" @default.
- W2890295576 workType "article" @default.