Which One is the Best Safe Haven During the Special Time, Bitcoin or Gold?

DOI

10.2991/assehr.k.211209.202How to use a DOI?

Keywords

Bitcoin; COVID-19; gold; risk; price; safe haven

Abstract

The outbreak of COVID-19 in 2019 has had a huge impact on the global economy while also threatening people’s lives and property. In this context, investment means and ideas have also undergone great changes, such as a shift from riskier investments to more prudent ones. Traditional investment means such as gold, emerging investment means such as bitcoin. In this paper, gold and bitcoin are taken as the research objects, and the relevant risks and policy status quo are reviewed and analyzed. The research results show that gold is more suitable for investment in abnormal economic forms, while bitcoin has higher risks. On the one hand, the conclusion of this paper provides countermeasures for national financial development, and on the other hand, provides relevant suggestions for individual investors.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Juncheng Luo
PY  - 2021
DA  - 2021/12/15
TI  - Which One is the Best Safe Haven During the Special Time, Bitcoin or Gold?
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 1256
EP  - 1259
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.202
DO  - 10.2991/assehr.k.211209.202
ID  - Luo2021
ER  -