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.
Track: Case Studies
Published in: 3rd South American International Conference on Industrial Engineering and Operations Management
Publisher: IEOM Society International
Date of Conference: May 10
-12
, 2022
ISBN: 978-1-7923-9159-0
ISSN/E-ISSN: 2169-8767