Seeking Alpha
2020-06-22 19:42:50

As Pandemic Struck, Cryptocurrencies Failed A Key Test

Untethered from the machinations of modern-day monetary policymakers, cryptocurrencies have long been lauded for their "safe haven" properties.The novel coronavirus pandemic presented a unique opportunity to finally test these assumptions.The cryptocurrencies - namely Bitcoin and Ethereum - failed miserably.Researchers from Dublin have found virtually any portfolio allocations of Bitcoin or Ethereum for any major market index portfolio only increased downside risk (VaR).

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