BITCOIN Y DIVERSIFICACIÓN DE CARTERA REVISIÓN BIBLIOGRÁFICA Y ANÁLISIS DEL EFECTO COVID-19

Resumo (EN)

Bitcoin as an alternative for the diversification of assets in an investment portfolio. The aim was to observe the relationship and hedging effect in terms of volatility with respect to traditional compositions of variable income instruments and gold as a precious metal. For this purpose, time series of stock indices and prices of the studied elements were compared. In the first place, 1Profesor e investigador universitario, Facultad de Economía y Administración,Universidad Nacional del Comahue. 2Profesora e investigadora universitaria,Facultad de Economía y Administración,Universidad Nacional del Comahue. 3Professor Titular do Programa de Mestrado e Doutorado em Administração da Universidade Paulista (UNIP)ORCID:https://orcid.org/0000-0002-1575-4791
83a descriptive bibliographic review was carried out on what was published in the last two years on the subject, and finally, a correlational study of recent time series was included prior to the impact on world economies of the COVID-19 phenomenon and afterits appearance. We worked on time with the Dow Jones, Nasdaq-100, S&P 500 and gold metal market indices. It was concluded that Bitcoin showed a negative correlation with respect to the revised stock indices during periods prior to the pandemic, but then and during the explosion of the virus in the world, the behavior of its price shows a positive correlation with the other indicators