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.
Description
Bitcoin and the First Wave of COVID-19 | COVID-19 Pandemic and Energy Markets
%0 Book Section
%1 doi:10.1142/9789811239618_0003
%A Goodell, John W.
%A Goutte, Stéphane
%B COVID-19 Pandemic and Energy Markets
%D 2021
%K ba bitcoin covid-19
%P 33-41
%R 10.1142/9789811239618_0003
%T Bitcoin and the First Wave of COVID-19
%U https://www.worldscientific.com/doi/abs/10.1142/9789811239618_0003
%X 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.
%& Chapter 3
@inbook{doi:10.1142/9789811239618_0003,
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. },
added-at = {2021-12-18T16:06:43.000+0100},
author = {Goodell, John W. and Goutte, Stéphane},
biburl = {https://puma.ub.uni-stuttgart.de/bibtex/20fef4864040408343c0bb441f27ae4c8/georglender},
booktitle = {COVID-19 Pandemic and Energy Markets},
chapter = {Chapter 3},
description = {Bitcoin and the First Wave of COVID-19 | COVID-19 Pandemic and Energy Markets},
doi = {10.1142/9789811239618_0003},
eprint = {https://www.worldscientific.com/doi/pdf/10.1142/9789811239618_0003},
interhash = {4b4284c0a81cdbb09d6890a244c269cb},
intrahash = {0fef4864040408343c0bb441f27ae4c8},
keywords = {ba bitcoin covid-19},
pages = {33-41},
timestamp = {2021-12-18T15:06:43.000+0100},
title = {Bitcoin and the First Wave of COVID-19},
url = {https://www.worldscientific.com/doi/abs/10.1142/9789811239618_0003},
year = 2021
}
