03570ntm a22005417i 4500 000699415 CZ-PrVSE 20230625093744.0 m d cr n|||||||||| 230625s2023 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Maisuradze, Natia ISIS:165542 dis The performance of cryptocurrency assets under COVID19 eng The performance of cryptocurrency assets under COVID19 / Natia Maisuradze 2023 ?? stran : digital, PDF soubor Vedoucí práce: Viktar Dudzich Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví, 2023 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2023 Despite being introduced as means of payment, cryptocurrencies quickly transformed into an investment asset class. The primary appeal of cryptocurrencies for investors lies in their innovative technology, security and anonymity provision, and high returns. The achieved popularity, increased number of users and transactions, and steep rise of its value encouraged researchers to investigate cryptocurrencies’ potential to serve as diversification assets, hedges, or safe havens. The Covid-19 pandemic provided a unique opportunity to examine cryptocurrencies’ behavior during market turbulences, as they have never experienced such shocks before. This thesis aims to investigate the resilience of these alternative assets to market shocks and analyze their possible benefits for investors during financial distress. The thesis employs three methods for empirical analysis: event study, portfolio analysis, and linear regression. These approaches provide insight into the performance of cryptocurrencies during the pandemic. Specifically, they demonstrate mixed reactions of cryptocurrencies to important milestones related to Covid-19. However, portfolio analysis confirms their diversification or hedging capabilities for investors and the potential to serve as a safe haven for S&P 500, MSCI World ETF, MSCI USA Value Factor ETF, and MSCI Germany ETFs. Notably, all kinds of media coverage affected the market capitalization of cryptocurrencies. However, if included in the portfolio, they could still enhance investors’ wealth during the pandemic. Způsob přístupu: Internet finance and accounting [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas bitcoin covid-19 event study portfolio analysis diversification safe haven cryptocurrencies Dudzich, Viktar ISIS:101077 ths Šíma, Ondřej ISIS:41743 opn Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví kn20010709398 dgg https://insis.vse.cz/zp/82804/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/82804 Hlavní práce https://insis.vse.cz/zp/82804/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/82804/posudek/oponent/78889 Oponentura https://insis.vse.cz/zp/82804/podrobnosti dc:identifier NEPOSILAT VSKP vse82804 230617 82804