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Book Sections Year : 2021

Bitcoin and the First Wave of COVID-19

Abstract

Extending the time period of Goodell and Goutte (2020), we apply wavelet methods to daily data of COVID-19 world deaths and daily Bitcoin prices from December 31, 2019 to August 31, 2020. We confirm Goodell and Goutte (2020) for an extended period by evidencing a positive correlation between levels of COVID-19 and Bitcoin prices, suggesting Bitcoin as a safe haven investment. Investigations such as this are important to both scholars and policy-makers, as well as investment professionals interested in the financial implications of both COVID-19 and cryptocurrencies.
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Dates and versions

hal-04477113 , version 1 (26-02-2024)

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John Goodell, Stéphane Goutte. Bitcoin and the First Wave of COVID-19. COVID-19 Pandemic and Energy Markets, WORLD SCIENTIFIC, pp.33-41, 2021, ⟨10.1142/9789811239618_0003⟩. ⟨hal-04477113⟩
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