Investor Behavior in Gold, US Dollars and Cryptocurrency during Global Pandemics-Reference-Cited by-同舟云学术

Investor Behavior in Gold, US Dollars and Cryptocurrency during Global Pandemics

Published:2024-03-06 Issue:3 Volume:12 Page:64
ISSN:2227-7099
Container-title:Economies
language:en
Short-container-title:Economies

Author:

Kim Yoochan¹^ORCID,Topal Erkan¹,Ghosh Apurna Kumar¹,Asad Mohammad Waqar Ali¹

Affiliation:

1. Western Australian School of Mines, Curtin University, Locked Bag 30, Kalgoorlie, WA 6433, Australia

Abstract

COVID-19 and SARS are epidemics which have influenced the largest global economic crisis in recent years. This research reveals that both SARS and COVID-19 have led to fluctuations in the prices of gold and the US dollar index; however, there is no direct causal relationship be-tween COVID-19 and the price of bitcoin. The USD index saw a significant increase during the SARS outbreak, while gold prices surged during the COVID-19 pandemic. The notion that cryptocurrency will surpass the value of gold or traditional currencies seems improbable, given the lack of evidence linking bitcoin prices to COVID-19. Gold is expected to maintain its value in the long term, offering lower risk compared to other currencies.

Publisher

MDPI AG

Link

https://www.mdpi.com/2227-7099/12/3/64/pdf

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