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Analyzing the co-motion of bitcoin, gold and dollar with a wavy approach
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Soroush Heidari Ashtrinani   , Ramin Khochiani * , Mohammad KhorsandZak |
| Ayatollah Boroujerdi University |
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Abstract: (2299 Views) |
| Investors in times of crisis and inflation are always looking to invest in assets that, while maintaining the value of money, also have a good return, and one of the reasons is that gold assets, between Quinn and the dollar, are part of an investment. Comprehensive are attractive, they can increase their growth rate. Investing in assets that are less correlated with each other can increase the adjusted risk of return on assets. This article seeks to examine the movement of Bit coin, gold and the dollar exchange rate in the Iranian economy. For this purpose, using the analysis of empathy and econophysical approach, the interaction and bilateral communication of these markets in the Iranian economy for the period of 24/9/2011 to 16/7/2020and with weekly frequency were examined. The results of empathy analysis show that in the short-term horizon during the years 2011-2013 and the medium-term horizons during the years 2011 to 2016, the relationship between bitcoin rate of return and exchange rate in the opposite direction (opposite phase) has been. But in the longer term, between 2013 and 2017, the gold yield is moving after bitcoin and is considered a reversible variable. In addition, the correlation between gold and bitcoin return rates shows that the intensity of the relationship between these two variables in all agreements and during the research period was not very high, but the relationship between these two variables in the years 2017 to 2020 on the horizon 16 to 64 weeks has been very intense, but the opposite has been the case. |
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| Keywords: The price of gold, bitcoin, the wave approach, the same movement |
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Full-Text [PDF 817 kb]
(709 Downloads)
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Type of Study: Research |
Subject:
Special
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