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Abstract
The aim of this paper is to examine the relationship between uncertainty indices (Geopolitical Uncertainty Index and Global Economic Policy Uncertainty Index) and cryptocurrencies. In order to conduct research, the authors collected the data on the major cryptocurrencies (Bitcoin, Ethereum, Tether, Dogecoin and USD coin) which account for 78% of the total market cap. Using panel OLS regression, this study finds that Bitcoin and Ethereum are not a safe haven for global economic policy uncertainty, but other cryptocurrencies serve as safe hedges against this uncertainty. On the contrary, these cryptocurrencies are safe hedges against the uncertainty of geopolitical risk.
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Details
- Category:
- Conference activity
- Type:
- publikacja w wydawnictwie zbiorowym recenzowanym (także w materiałach konferencyjnych)
- Language:
- English
- Publication year:
- 2022
- Bibliographic description:
- Zawadzki K., Ahsan T.: Cryptocurrencies as a speculative asset. How much uncertainty is included in cryptocurrency price?// / : , 2022,
- Sources of funding:
-
- COST_FREE
- Verified by:
- Gdańsk University of Technology
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