Bitcoin is not the New Gold: Evidence from the Covid-19 Pandemic
The recent market turmoil, caused by the Covid-19 pandemic, has negatively influenced the financial markets all over the world. Therefore, the search for safe haven assets by investors is of great importance. In this area of research, gold has for a long time been considered to be the traditional safe haven asset. However, recent literature states that Bitcoin is the new gold. Whether this is the
