Digital currencies can serve as a hedge against traditional investments even though crypto investments can be as volatile as or more volatile than traditional ones, because they are not tied to the vicissitudes of the equity markets.
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Although crypto investments can be just as and more volatile than traditional investments, digital currencies might be used to hedge against traditional investments.
Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548
Holds when
portfolios seeking diversification away from traditional equity markets
Classification
conditionsupport: arguedsystemic-risk
Related claims
restateskaal:claim:2998033-024 Even though crypto investments can be as volatile as or more volatile than traditional investments, digital cu...
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