(University of the Witwatersrand, Johannesburg, 2024) Singh, Tanvir
The aim of this paper is twofold: first, to examine the hedging effectiveness of bitcoin for the biggest 7 African stock markets in bullish and bearish market conditions. Second, to contrast cryptocurrency to gold as a safe haven asset. To end, daily data from 2018 to 2022 were employed in an Autoregressive Distributive Lag (ARDL) framework. The findings have significant implications for investors, financial intermediaries and regulators.
