The Value of Bitcoin in Enhancing the Efficiency of an Investor's Portfolio

By Chen Y. Wu, V. Pandey. 2014

114 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Should investors include Bitcoin in their portfolios? A portfolio theory approach (2020, methodology): “…implement a CVaR approach and show that Bitcoin should be included in optimal portfolios as its inclusion leads to better risk-return ratios while Wu and Pandey (2014) show that Bitcoin may not be useful as a currency but can play an important role in enhancing the efficiency of an investor’s…”
Bitcoin as a Complement to Emerging Market Currencies (2016, background): “This was further substantiated by Wu and Pandey (2014); they found that Bitcoin is a good investment asset to use for portfolio diversification.”
Analysis on the influence factors of Bitcoin’s price based on VEC model (2017, background): “Wu and Pandey (2014) analysis the value of Bitcoin in enhancing the efficiency of an investor’s portfolio, they suggest that Bitcoin may be less useful as a currency; it can enhance the efficiency of an investor’s portfolio.”