0583788 20240402215315.920240307235959.9 85142004250 000899867100025 10.1016/j.frl.2022.103436 6 s. P cav_un_epca*03619971544-612351Elsevier Cryptoassets Bitcoin Safe haven Gold cav_un_auth*0301859 Nedvěd M. CZ cav_un_auth*0256902 Krištoufek Ladislav UTIA-B Ekonometrie Department of Econometrics E E Department of Econometrics CZ A Ústav teorie informace a automatizace AV ČR, v. v. i. http://library.utia.cas.cz/separaty/2024/E/kristoufek-0583788.pdf https://www.sciencedirect.com/science/article/pii/S1544612322006134?via%3Dihub GA20-17295S GA ČR cav_un_auth*0397556 We examine whether gold, crude oil, and stock markets could serve as safe havens for Bitcoin. As an investor into cryptoassets faces high risk when holding for longer periods and might be interested in diversifying and hedging outside of cryptoassets, these traditional assets might be of interest. We find that Bitcoin moves together with the stock markets but oil and gold can serve as safe havens. Specifically gold is identified as a strong safe haven for Bitcoin. In addition, we describe the evolution of the stocks–Bitcoin nexus which unveils in the safe haven discussion. Our results aim to lay foundations for further discussions into the topic of safe havens for cryptoassets as these are becoming increasingly standard part of investors’ portfolios, being it institutional or retail, and thus protection against their extreme movements and diversifications of their risk will play an important role in the investors’ decision making. WOS AH 50000 50200 50206 2024 2 RVO:67985556 https://hdl.handle.net/11104/0352121 S 103436 1* Article Business Finance C BUSINESS.FINANCE 7.6 1.4 2.3 0.02244 1.202 20679 123 1.903 26.75 8.45 15200 Q1 6.400 1236 Q1 97.2 Q2 Q1 2.72 Q1 97.2 2023 85142004250 SCOPUS PUBMED 000899867100025 WOS cav_un_epca*0361997 Finance Research Letters 1544-6123 1544-6131 Roč. 51 č. 1 2023 Elsevier PRINT