Abstract
The present article focuses on whether the Bitcoin shows sign of increased confidence as a value storage vehicle, a prerequisite to becoming a fully fledged currency. Using Bloomberg data over the period 2008-2017, we find a cointegration relationship between the dollar prices of Bitcoin, Gold and Swiss Franc. The two latter assets are classic safe haven assets, suggesting that at least some Bitcoin buyers are interested in value storage and boding well for its future adoption rate.
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