Is Bitcoin a Good Investment Asset?

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dc.contributor.authorApolónia, João
dc.contributor.authorAbreu, Margarida
dc.date.accessioned2022-09-08T12:33:57Z
dc.date.available2022-09-08T12:33:57Z
dc.date.issued2021-12
dc.description.abstractThis paper aims to analyze the consequences of adding Bitcoin to an investment portfolio. The main methodology used is the Mean-Variance model combined with the Monte Carlo Simulation. Results show that Bitcoin can improve the Sharpe Ratio of an already diversified portfolio, however the inclusion of Bitcoin has to be done in proportions averaging 3.83 percent of the portfolio’s weight. This paper also found that Bitcoin does not seem to behave as a safe haven/hedge asset during the Covid-19 pandemic.pt_PT
dc.identifier.citationApolónia, J. & M. Abreu. 2021. Is Bitcoin a Good Investment Asset? European Review of Business Economics I(2): 130-164. DOI:https://doi.org/10.26619/ERBE-2021.I.2.6pt_PT
dc.identifier.doihttps://doi.org/10.26619/ERBE-2021.I.2.6pt_PT
dc.identifier.issn2184-898X
dc.identifier.urihttp://hdl.handle.net/11144/5603
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherCICEE. Universidade Autónoma de Lisboapt_PT
dc.rightsopen accesspt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectbitcoinpt_PT
dc.subjectindividual portfoliopt_PT
dc.subjectportfolio optimizationpt_PT
dc.subjectefficient frontierpt_PT
dc.subjectMonte Carlo simulationpt_PT
dc.titleIs Bitcoin a Good Investment Asset?pt_PT
dc.typejournal articlept_PT
degois.publication.firstPage130pt_PT
degois.publication.lastPage164pt_PT
degois.publication.locationLisboapt_PT
degois.publication.titleEuropean Review of Business Economicspt_PT
degois.publication.volumeVol. 1, nº2pt_PT
dspace.entity.typePublicationen

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ERBE - European Review of Business Economics. Vol.1, nº2(2021)