Sarkodie Samuel Asumadu, Ahmed Maruf Yakubu, Owusu Phebe Asantewaa
Nord University Business School (HHN). Post Box 1490, 8049 Bodø, Norway.
Financ Res Lett. 2022 Jan;44:102049. doi: 10.1016/j.frl.2021.102049. Epub 2021 Apr 6.
The COVID-19 global pandemic has disrupted business-as-usual, hence, affecting sustained economic development across countries. However, it appears economic uncertainty following COVID-19 containment measures favor market signals of cryptocurrencies. Here, this study empirically and structurally investigates the implication of COVID-19 health outcomes on market prices of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Evidence from the novel Romano-Wolf multiple hypotheses reveal COVID-19 shocks spur Litecoin by 3.20-3.84%, Bitcoin by 2.71-3.27%, Ethereum by 1.43-1.75%, and Bitcoin Cash by 1.34-1.62%.
新冠疫情全球大流行扰乱了正常业务,从而影响了各国的持续经济发展。然而,新冠疫情防控措施之后出现的经济不确定性似乎有利于加密货币的市场信号。在此,本研究从实证和结构上调查了新冠疫情健康结果对比特币、比特币现金、以太坊和莱特币市场价格的影响。来自新颖的罗曼诺-沃尔夫多重假设的证据显示,新冠疫情冲击使莱特币上涨3.20%-3.84%,比特币上涨2.71%-3.27%,以太坊上涨1.43%-1.75%,比特币现金上涨1.34%-1.62%。