The Bitcoin: to be or not to be a Real Currency?

Nathalie Janson and Bruno Karoubi

The Quarterly Review of Economics and Finance, 2021, vol. 82, issue C, 312-319

Abstract: The present article focuses on whether the Bitcoin shows sign of increased confidence as a value storage vehicle, a prerequisite to becoming a fully fledged currency. Using Bloomberg data over the period 2008-2017, we find a cointegration relationship between the dollar prices of Bitcoin, Gold and Swiss Franc. The two latter assets are classic safe haven assets, suggesting that at least some Bitcoin buyers are interested in value storage and boding well for its future adoption rate.

Keywords: Bitcoin; Safe haven; Private currency; Medium of exchange; Store of value (search for similar items in EconPapers)
JEL-codes: E4 E41 E42 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1062976921001514
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:quaeco:v:82:y:2021:i:c:p:312-319

DOI: 10.1016/j.qref.2021.09.005

Access Statistics for this article

The Quarterly Review of Economics and Finance is currently edited by R. J. Arnould and J. E. Finnerty

More articles in The Quarterly Review of Economics and Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().