Inflation Hedging: Is Bitcoin used as a hedge against increasing inflation?

Keywords
Loading...
Thumbnail Image
Issue Date
2022-12-02
Language
en
Document type
Journal Title
Journal ISSN
Volume Title
Publisher
Title
ISSN
Volume
Issue
Startpage
Endpage
DOI
Abstract
This study investigates the usage of Bitcoin as a hedge against unexpected inflation. The research is done using event studies and google trends, it analyzes the changes in Bitcoin during inflation rate announcements. While employing the event studies method, the results show no relationship between Bitcoin returns and high unexpected inflation in the days surrounding the announcements. However, evidence of a positive relationship between both variables is observed when examining changes in the popularity of keywords associated with cryptocurrencies for the same events. Search results numbers are obtained using Google Trends. Keywords: Inflation, Hedging, Bitcoin, Cryptocurrencies
Description
Citation
Faculty
Faculteit der Managementwetenschappen
Specialisation