Gold and Bitcoin Price Dynamics as a Reflection of Investor Sentiment
Keywords:
Gold, Bitcoin, Price Dynamics Investment
Abstract
The modern pandemic affects all areas of human activity. In this regard, various aspects of the preservation of economic activity become fundamental. One of these issues is the choice of an investment strategy, the choice of investment instruments. To do this, we examined the mutual dynamics of gold and bitcoin prices during the pandemic. For the analysis, we use the wavelet coherence methodology. This made it possible to substantiate some strategies and the choice of investment instruments.
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Balleer, A., Link, S., Menkhoff, M., & Zorn, P. (2020). Demand or supply? Price adjustment during the Covid-19 pandemic.CESifo Working Paper, 8394.
Baranova, V., Sergienko, O., Stepurina, S., & Lyashenko, V. (2020). Price Environment for Gold and Silver in the Context of the Development of COVID-19. Journal of Asian Multicultural Research for Economy and Management Study, 1(2), 25-32.
Barcaccia, G., D’Agostino, V., Zotti, A., & Cozzi, B. (2020). Impact of the SARS-CoV-2 on the Italian Agri-Food Sector: An Analysis of the Quarter of Pandemic Lockdown and Clues for a Socio-Economic and Territorial Restart. Sustainability, 12(14), 5651.
Brabenec, T., Suler, P., Horak, J., & Petras, M. (2020). Prediction of the Future Development of Gold Price. ActaMontanisticaSlovaca, 25(2), 250-262.
Costa Dias, M., Joyce, R., Postel‐Vinay, F., & Xu, X. (2020). The challenges for labour market policy during the Covid‐19 pandemic. Fiscal Studies, 41(2), 371-382.
Dobrovolskaya, I., & Lyashenko, V. (2013). Interrelations of banking sectors of European economies as reflected in separate indicators of the dynamics of their cash flows influencing the formation of the resource potential of banks. European Applied Sciences, 1-2, 114-118.
Jang, S. M., Yi, E., Kim, W. C., & Ahn, K. (2019). Information Flow between Bitcoin and Other Investment Assets. Entropy, 21(11), 1116.
Johnson, H. C., Gossner, C. M., Colzani, E., Kinsman, J., Alexakis, L., Beauté, J., ...& Ekdahl, K. (2020). Potential scenarios for the progression of a COVID-19 epidemic in the European Union and the European Economic Area, March 2020. Eurosurveillance, 25(9), 2000202.
Koçoğlu, Ş., Çevik, Y. E., & Tanrıöven, C. (2016).Efficiency, liquidity and volatility of Bitcoin markets. Journal of Business Research, 8(2), 77-97.
Kuzemin, A., Lуashenko, V., Bulavina, E., & Torojev, A. (2005). Analysis of movement of financial flows of economical agents as the basis for designing the system of economical security (general conception).In Third international conference «Information research, applications, and education, 27-30.
Kwon, J. H. (2020). Tail behavior of Bitcoin, the dollar, gold and the stock market index. Journal of International Financial Markets, Institutions and Money, 67, 101202.
Mustafa, S. K., Ahmad, M. A., Baranova, V., Deineko, Zh.,Lyashenko, V., & Oyouni, A. A. A. (2020). Using Wavelet Analysis to Assess the Impact of COVID-19 on Changes in the Price of Basic Energy Resources.International Journal of Emerging Trends in Engineering Research, 8(7), 2907-2912.
Stensås, A., Nygaard, M. F., Kyaw, K., & Treepongkaruna, S. (2019). Can Bitcoin be a diversifier, hedge or safe haven tool?. Cogent Economics & Finance, 7(1), 1593072.
Torrence, C., & Webster, P. J. (1999).Interdecadal changes in the ENSO–monsoon system. Journal of climate, 12(8), 2679-2690.
Tuna, G. (2017).Time varying causality between gold and oil prices. Romanian Economic and Business Review, 12(1), 59-67.
Vanitha, S., & Saravanakumar, K. (2019). The usage of gold and the investment analysis based on gold rate in India. International Journal of Electrical and Computer Engineering, 9(5), 4296.
Vasiurenko, O., Lyashenko, V., Baranova, V., & Deineko, Z. (2020). Spatial-Temporal Analysis the Dynamics of Changes on the Foreign Exchange Market: an Empirical Estimates from Ukraine. Journal of Asian Multicultural Research for Economy and Management Study, 1(2), 1-6.
Published
2020-12-07
How to Cite
SheludʹkoN., Vasiurenko, O., Lyashenko, V., & Morozova, N. (2020). Gold and Bitcoin Price Dynamics as a Reflection of Investor Sentiment. Journal La Bisecoman, 1(4), 19-25. https://doi.org/10.37899/journallabisecoman.v1i4.218
Section
Articles
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