Can altcoins act as hedges or safe-havens for Bitcoin?

نویسندگان

چکیده

Bitcoin remains the most popular cryptocurrency and has attracted significant research attention, especially in hedging safe-haven literature. As many investors bitcoin are concentrated heavily cryptocurrencies as opposed to other assets, a question arises whether alternative (altcoins) can used safe-havens hedges against Bitcoin? We find that only meme coins offer benefits but wider range – Defi, coins, smart contracts, metaverse privacy all act bitcoin. further show their ability varies depending on market is bubble or non-bubble period. • This paper studies capabilities of altcoins for Bitcoin. benefits. However DeFi, safe havens.

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ژورنال

عنوان ژورنال: Finance Research Letters

سال: 2023

ISSN: ['1544-6131', '1544-6123']

DOI: https://doi.org/10.1016/j.frl.2022.103360