Abstract 

Aim/purpose – The main purpose of the research is to examine the impact of COVID-19 pandemic on bitcoin currency, crude oil and gold prices.   

Design/methodology/approach –Time series design used in research to analyze the data to answer research questions about the impact of COVID-19 pandemic on bitcoin currency, crude oil, and gold prices. Data was collected for all new cases of infection and death that occurred due to the COVID-19 and were expressed in our research through COVID-19 cases rate (CCR) and COVID-19 death rate (CDR) from the beginning of the pandemic 21-Jan-2020 according to WHO estimates until to 29-May-2020.The data stationary tested by Dicky Fuller unit root testing. In additional NLS and ARMA technique is applied. 

Findings – The study found a negative effect of the Corona pandemic on gold prices, and a positive effect of the Corona pandemic on oil, in addition to a negative effect of the CDR on the bitcoin currency but positive affect by CCR. 

Originality/value – Our findings will be considered with a great interest for scholars, policy makers, as well as investment professionals interested in COVID-19's financial consequences. We consider that our study plays a role in the rapid growth of work on COVID-19's financial effects; the literature also focuses on whether bitcoin, oil, and gold as safe haven investments.

Keywords : COVID-19, Safe havens, Bitcoin, Crude oil, Gold prices.

Conference Title

the Third refereed conference of the Faculty of Economics and Social Sciences “The Challenges of the Palestinian Economy in the Face of Political Pressure and the Repercussions of the Corona Crisis”

Conference Country

Palestine

Conference Date

April 11, 2021 - April 11, 2021

Conference Sponsor

جامعة النجاح الوطنية

Additional Info

Conference Website