Co-movement of COVID-19 and Bitcoin: Evidence from wavelet coherence analysis

【Author】 Goodell, John W.; Goutte, Stephane

【Source】FINANCE RESEARCH LETTERS

【影响因子】9.848

【Abstract】We apply wavelet methods to daily data of COVID-19 world deaths and daily Bitcoin prices from 31th December 2019 to 29th April 2020. We find, especially for the period post April 5, that levels of COVID-19 caused a rise in Bitcoin prices. We contribute to the fast-growing body of work on the financial impacts of COVID-19, as well as to ongoing consideration of whether Bitcoin is a safe haven investment. Our results should be of great interest to both scholars and policy makers, as well as investment professionals interested in the financial implications of both COVID-19 and cryptocurrencies.

【Keywords】Co-movement; COVID-19; Bitcoin; Wavelet; Safe haven

【发表时间】2021 JAN

【收录时间】2022-01-02

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