Cryptocurrencies Versus Gold: Safe-Haven Competition

Aymen Mselmi and Imen Mahmoud
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Aymen Mselmi: College of Business, University of Jeddah, Saudi Arabia; Higher Institute of Business Administration of Gafsa (ISAEG), University of Gafsa, Tunisia; Laboratory of Research in Innovative Management Risk, Accounting and Finance, University of Manouba, Tunisia
Imen Mahmoud: Laboratory of Research in Innovative Management Risk, Accounting and Finance, University of Manouba, Tunisia

International Journal of Economics and Financial Issues, 2024, vol. 14, issue 6, 201-210

Abstract: This study investigated the impact of the COVID-19 pandemic on two cryptocurrencies, Bitcoin and Ethereum, on the one hand, and gold, on the other hand. We analysed a large dataset from 13 countries worldwide. This study aimed to identify a reliable safe haven for investors during a health crisis. Our results indicated a positive association between Bitcoin and Ethereum prices and the COVID-19 variables. However, the relationship between gold prices and COVID-19 health indicators differed among countries, with inconsistent results.

Keywords: Cryptocurrencies; Bitcoin; Ethereum; Gold; COVID-19 (search for similar items in EconPapers)
JEL-codes: G15 Q02 (search for similar items in EconPapers)
Date: 2024
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