2019
DOI: 10.1108/jcms-05-2019-0032
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Cryptocurrencies: applications and investment opportunities

Abstract: Purpose This study investigates the role of cryptocurrencies in enhancing the performance of portfolios constructed from traditional asset classes. Using a long sample period covering not only the large value increases but also the dramatic declines during the beginning of 2018, the purpose of this paper is to provide a more complete analysis of the dynamic nature of cryptocurrencies as individual investment opportunities, and as components of optimal portfolios. Design/methodology/approach The mean-variance… Show more

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Cited by 54 publications
(51 citation statements)
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“…Note that the robustness test applied 40 days of GARCH refits in the optimization [2]. The results of this study support the finding of a research by Inci and Lagasse (2019) who used an earlier time-series sample that Bitcoin is feasible for cryptocurrencies diversification.…”
Section: Robustness Testssupporting
confidence: 82%
“…Note that the robustness test applied 40 days of GARCH refits in the optimization [2]. The results of this study support the finding of a research by Inci and Lagasse (2019) who used an earlier time-series sample that Bitcoin is feasible for cryptocurrencies diversification.…”
Section: Robustness Testssupporting
confidence: 82%
“…Altcoin is a currency based on blockchain technology, which is dissimilar to that used by Bitcoin (Huang et al, 2018). Hence, some Altcoins are not limited to the main function of Bitcoin, which is a medium of payment, rather, there are other functions as well, such as Ripple and Ethereum, that support the building of a smart contract in its blockchain (Inci & Lagasse, 2019).…”
Section: The Expansion Of Digital Currencymentioning
confidence: 99%
“…Most Altcoins are created as instruments for speculative investment, whereas Bitcoin was created as a medium of exchange for services or online/offline products (Huang et al, 2018;Inci & Lagasse, 2019). Some Altcoins have more attractive characteristics compared to Bitcoin, such as a higher level of security and a shorter time for certifying each transaction, which is only a few seconds compared to Bitcoin's minimum time of 10 minutes (Afilipoaie & Shortis, 2015;Ammous, 2016;Meera, 2018).…”
Section: The Expansion Of Digital Currencymentioning
confidence: 99%
“…In this regard, the regulatory differentiation of the multitude of cryptocurrencies is a particularly significant challenge for international boards, after which the U.S. Securities and Exchange Commission (SEC) has issued a definition that requires a case-by-case decision (Trautman and Dormann, 2018). The core of any classification attempt is based on the interpretation of the individual intended use and the underlying industry and technology use (Inci and Lagasse, 2019). Following this approach, the informational basis of the technology is presented below first, followed by an introduction of arguably one of the most forward-looking industry sectors for the underlying technology.…”
Section: Introductionmentioning
confidence: 99%