البيتكوين في الأزمات: أداة استثمار، مضاربة، تحوط أم ملاذ آمن؟: دراسة تجريبية جائحة كوفيد-19

الملخص EN

The great demand for the bitcoin currency during the COVID-19 pandemic led to a major surge in its prices, as it exceeded amounts that no investor expected, in light of the major financial collapses in the financial markets and the economic and social crises due to the pandemic.

through daily data from January 01, 2018 to may 13, 2022, it was concluded that bitcoin is a hedging tool in the crisis period due to the positive relationship between it and the values of the S&P 500 index, and that it is a long-term speculative tool.

it is neither an investment tool nor a safe haven.