Bitcoin and altcoins price dependency: Resilience and portfolio allocation in COVID-19 outbreak
Yükleniyor...
Dosyalar
Tarih
2021
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
MDPI
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The main aim of this article is to examine the inter-relationships among the top cryptocurrencies on the crypto stock market in the presence and absence of the COVID-19 pandemic. The nine chosen cryptocurrencies are Bitcoin, Ethereum, Ripple, Litecoin, Eos, BitcoinCash, Binance, Stellar, and Tron and their daily closing price data are captured from coinmarketcap over the period from 13 September 2017 to 21 September 2020. All of the cryptocurrencies are integrated of order 1 i.e., I(1). There is strong evidence of a long-run relationship between Bitcoin and altcoins irrespective of whether it is pre-pandemic or pandemic period. It has also been found that these cryptocurrencies' prices and their inter-relationship are resilient to the pandemic. It is recommended that when the investors create investment plans and strategies they may highly consider Bitcoin and altcoins jointly as they give sustainability and resilience in the long run against the geopolitical risks and even in the tough time of the COVID-19 pandemic.
Açıklama
Anahtar Kelimeler
Bitcoin, Altcoins, Cointegration, Price Dependency, COVID-19
Kaynak
Risks
WoS Q DeÄŸeri
Q2
Scopus Q DeÄŸeri
Q2
Cilt
9
Sayı
4
Künye
Aysan, A. F., Khan, A. I. ve Topuz, H. (2021). Bitcoin and altcoins price dependency: Resilience and portfolio allocation in COVID-19 outbreak. Risks, 9(4), 1-13.
