Hedging capabilities of bitcoin. Is it the virtual gold

By A. H. Dyhrberg. 2016

918 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/0c601be9e798368832350bd62f9eb5664616b426

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Citations in the corpus

Cryptocurrency market contagion: Market uncertainty, market complexity, and dynamic portfolios (2019, background): “For instance, Dyhrberg (2016) provides evidence that the Bitcoin can be used for hedging purposes against FTSE index shares.”
Spillovers between Bitcoin and other assets during bear and bull markets (2018, methodology): “Thus far, the few studies that have explored the relation between Bitcoin and financial variables have addressed only a few assets at a time, such as U.K. equities, EUR/USD, GBP/USD (Dyhrberg 2016), alternative monetary systems (Rogojanu and Badea 2014), metals and currencies (Baur, Lee, and Hong 20”
Some stylized facts of the cryptocurrency market (2018, methodology): “…to the investigations on the pricing dynamics of Bitcoin and its correlations with other financial assets (Baek and Elbeck 2015; Baur et al., 2017a; Blau 2018; Bouri et al. 2017a, 2017b; Chen and He 2013; Cheung, Roca, and Su 2015; Dyhrberg 2016; Feng, Wang, and Zhang 2018; Śmiech and Papież 2017).”
Does Bitcoin hedge global uncertainty? Evidence from wavelet-based quantile-in-quantile regressions (2016, background): “…on the diversification and hedging benefits of Bitcoin against equities (Halaburda and Gandal, 2014; Eisl et al., 2015; Bouri, Azzi et al., 2016; Bouri, Molnár et al., 2016; Dyhrberg, 2016) and against currencies or commodities (Bouri, Azzi et al., 2016; Bouri, Molnár et al., 2016; Dyhrberg, 2016).”
Can Bitcoin be a diversifier, hedge or safe haven tool? (2019, methodology): “Dyhrberg (2016b) showed that Bitcoin could be used as a hedge against the FTSE 100 index,2 and as a hedge against the US dollar in the short term.”
Factors Influencing Cryptocurrency Prices: Evidence from Bitcoin, Ethereum, Dash, Litcoin, and Monero (2018, neutral): “Likewise, Dyhrberg (2016) investigates the asymmetric GARCH methodology to explore the hedging capabilities of Bitcoin and he finds that it can be used as a hedging tool against stocks in the Financial Times Stock Exchange Index and against the American dollar in the short term.”
Exploring the dynamic relationships between cryptocurrencies and other financial assets (2018, neutral): “Examples include [Dyhrberg, 2016b], [Dyhrberg, 2016a], [Bouri et al., 2017], [Bouri et al., 2017] and [Bouri et al., 2017].”