Bitcoin as a safe haven: Is it even worth considering?

Amihud, 2002, Illiquidity and stock returns: cross-section and time-series effects, J. Financ. Markets, 5, 31, 10.1016/S1386-4181(01)00024-6 2018, Cryptocurrencies: looking beyond the hype, 5, 91 Baur, 2010, Is gold a hedge or a safe haven? An analysis of stocks, bonds and gold, Financ. Rev., 45, 217, 10.1111/j.1540-6288.2010.00244.x Baur, 2010, Is gold a safe haven? International evidence, J. Bank. Finance, 34, 1886, 10.1016/j.jbankfin.2009.12.008 Baur, 2018, Bitcoin, gold and the US dollar – a replication and extension, Finance Res. Lett., 25, 103, 10.1016/j.frl.2017.10.012 Bouri, 2017, On the hedge and safe haven properties of Bitcoin: is it really more than a diversifier?, Finance Res. Lett., 20, 192, 10.1016/j.frl.2016.09.025 Briere, 2015, Virtual currency, tangible return: portfolio diversification with Bitcoin, J. Asset Manag., 16, 365, 10.1057/jam.2015.5 Chan, 2018, Holding Bitcoin longer: the dynamic hedging abilities of Bitcoin, Q. Rev. Econ. Finance Corbet, 2018, Bitcoin futures – what use are they?, Econ. Lett., 172, 23, 10.1016/j.econlet.2018.07.031 Dyhrberg, 2016, Hedging capabilities of Bitcoin. Is it the virtual gold?, Finance Res. Lett., 16, 139, 10.1016/j.frl.2015.10.025 Eisl, 2015 Foley, 2018 Gandal, 2018, Price manipulation in the Bitcoin ecosystem, J. Monetary Econ., 95, 86, 10.1016/j.jmoneco.2017.12.004 Greenwood, 2011, Stock price fragility, J. Financ. Econ., 102, 471, 10.1016/j.jfineco.2011.06.003 Harvey, 2014 Kindleberger, 1978 Klein, 2018, Bitcoin is not the new gold: a comparison of volatility, correlation, and portfolio performance, Int. Rev. Financ. Anal., 59, 105, 10.1016/j.irfa.2018.07.010 Liew, 2018 Loi, 2018, The liquidity of Bitcoin, Int. J. Econ. Finance, 10, 13, 10.5539/ijef.v10n1p13 Shiller, 2017 Stensas, 2018 Urquhart, 2018 Wolla, 2018, Bitcoin: Money or financial investment? Federal Reserve Bank of St. Louis, Page One Econ. Yermack, 2015, 31