Analisis Fungsi Safe Haven dari Bitcoin dan Tether terhadap Investasi Saham dan Emas: Komparasi Periode Pra-Pandemi dan Saat Pandemi
Deskripsi
We tested the safe-haven attributes of Bitcoin and Tether for several assets on two periods, pre-COVID-19 pandemic and during the pandemic. The results show that Bitcoin and Tether are suitable as safe-haven for most stock markets and gold?Tether doesn?t function as safe-haven for Bitcoin due to their co-movement. We also found that the pre-pandemic safe-haven attributes are quite different from it?s pandemic counterpart.Ada Tabel