Cryptocurrencies Versus Gold: Safe-Haven Competition

Authors

  • 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

DOI:

https://doi.org/10.32479/ijefi.17395

Keywords:

Cryptocurrencies, Bitcoin, Ethereum, Gold, COVID-19

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.

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Published

2024-10-30

How to Cite

Mselmi, A., & Mahmoud, I. (2024). Cryptocurrencies Versus Gold: Safe-Haven Competition. International Journal of Economics and Financial Issues, 14(6), 201–210. https://doi.org/10.32479/ijefi.17395

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