Analysis of bitcoin price fluctuations during the COVID-19 pandemic : is it a safe haven ?

الملخص EN

Our research paper aims to analyze bitcoin price fluctuations as global cumulative confirmed cases rise and confirm whether bitcoin is a safe haven during the pandemic, we are testing the hypothesis that investors are turning to bitcoin because of the increase in global confirmed cases in light of the sharp spread of COVID-19.

a descriptive analysis of daily data from January 22, 2020 to May 01, 2022 shows that bitcoin did not act as a safe haven during the pandemic and that investors are not resorting to bitcoin in fear and confusion of the high number of global cumulative confirmed cases but are linked to herd behavior and unconfirmed information.