Track: Case Studies
Abstract
We used regression model to analyze daily COVID-19 world fatalities and daily Bitcoin closes and prices. We discovered that COVID-19 levels drove a rise in Bitcoin values, notably to residual values. We contribute to the rapidly developing body of research on COVID-19's financial implications, as well as the current debate over whether Bitcoin is a safe haven investment. Scholars and policymakers, as well as investment professionals interested in the financial implications of COVID-19 and cryptocurrencies, should be interested in our findings.