Analyzing the Performance of Bitcoin to Gold Prices, the Telecommunications Market, the Stock Price Index, and Insurance Companies’ Performance from (March 1, 2021–September 4, 2023)
Managing cryptocurrencies by financial intermediaries offer numerous benefits to global financial markets and the economy. Among all cryptocurrencies, Bitcoin stands out with the highest market capitalization and a weak correlation to other assets, making it an attractive option for portfolio divers...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Human Development
2023-08-01
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| Series: | UHD Journal of Science and Technology |
| Subjects: | |
| Online Access: | https://journals.uhd.edu.iq/index.php/uhdjst/article/view/1179 |
| _version_ | 1827792617886187520 |
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| author | Hawre Latif Majeed Diary Jalal Ali Twana Latif Mohammed |
| author_facet | Hawre Latif Majeed Diary Jalal Ali Twana Latif Mohammed |
| author_sort | Hawre Latif Majeed |
| collection | DOAJ |
| description | Managing cryptocurrencies by financial intermediaries offer numerous benefits to global financial markets and the economy. Among all cryptocurrencies, Bitcoin stands out with the highest market capitalization and a weak correlation to other assets, making it an attractive option for portfolio diversification and risk management. This research aims to examine the impact of Bitcoin on the NASDAQ gold price (GC), the telecommunications market (IXUT), and insurance company performance (IXIS) through the analysis of secondary data from March 1, 2021, to September 4, 2023. The data were obtained from https://www.investing.com; statistical software E views applied various econometric methods to the data. The results suggest a positive correlation between Bitcoin and the other variables, indicating that Bitcoin can significantly expand investment opportunities and drive economic growth. This study highlights the importance of considering cryptocurrencies, especially Bitcoin, as a viable option for investment diversification and risk management in financial markets. |
| first_indexed | 2024-03-11T18:05:39Z |
| format | Article |
| id | doaj.art-f4e0c2bb67414d1098480af37e18a664 |
| institution | Directory Open Access Journal |
| issn | 2521-4209 2521-4217 |
| language | English |
| last_indexed | 2024-03-11T18:05:39Z |
| publishDate | 2023-08-01 |
| publisher | University of Human Development |
| record_format | Article |
| series | UHD Journal of Science and Technology |
| spelling | doaj.art-f4e0c2bb67414d1098480af37e18a6642023-10-17T08:36:55ZengUniversity of Human DevelopmentUHD Journal of Science and Technology2521-42092521-42172023-08-0172163110.21928/uhdjst.v7n2y2023.pp16-311310Analyzing the Performance of Bitcoin to Gold Prices, the Telecommunications Market, the Stock Price Index, and Insurance Companies’ Performance from (March 1, 2021–September 4, 2023)Hawre Latif Majeed0Diary Jalal Ali1Twana Latif Mohammed2Assistant Lecture, Accounting Department, Kurdistan Technical Institute, Kurdistan Region (KRG), IraqAssistant Lecture, Accounting Department, Kurdistan Technical Institute, Kurdistan Region (KRG), IraqAssistant Lecture, Information Technology Department, Kurdistan Technical Institute, Kurdistan Region (KRG), IraqManaging cryptocurrencies by financial intermediaries offer numerous benefits to global financial markets and the economy. Among all cryptocurrencies, Bitcoin stands out with the highest market capitalization and a weak correlation to other assets, making it an attractive option for portfolio diversification and risk management. This research aims to examine the impact of Bitcoin on the NASDAQ gold price (GC), the telecommunications market (IXUT), and insurance company performance (IXIS) through the analysis of secondary data from March 1, 2021, to September 4, 2023. The data were obtained from https://www.investing.com; statistical software E views applied various econometric methods to the data. The results suggest a positive correlation between Bitcoin and the other variables, indicating that Bitcoin can significantly expand investment opportunities and drive economic growth. This study highlights the importance of considering cryptocurrencies, especially Bitcoin, as a viable option for investment diversification and risk management in financial markets.https://journals.uhd.edu.iq/index.php/uhdjst/article/view/1179cryptocurrenciesbitcoingold pricetelecommunicationsstock priceinsurance |
| spellingShingle | Hawre Latif Majeed Diary Jalal Ali Twana Latif Mohammed Analyzing the Performance of Bitcoin to Gold Prices, the Telecommunications Market, the Stock Price Index, and Insurance Companies’ Performance from (March 1, 2021–September 4, 2023) UHD Journal of Science and Technology cryptocurrencies bitcoin gold price telecommunications stock price insurance |
| title | Analyzing the Performance of Bitcoin to Gold Prices, the Telecommunications Market, the Stock Price Index, and Insurance Companies’ Performance from (March 1, 2021–September 4, 2023) |
| title_full | Analyzing the Performance of Bitcoin to Gold Prices, the Telecommunications Market, the Stock Price Index, and Insurance Companies’ Performance from (March 1, 2021–September 4, 2023) |
| title_fullStr | Analyzing the Performance of Bitcoin to Gold Prices, the Telecommunications Market, the Stock Price Index, and Insurance Companies’ Performance from (March 1, 2021–September 4, 2023) |
| title_full_unstemmed | Analyzing the Performance of Bitcoin to Gold Prices, the Telecommunications Market, the Stock Price Index, and Insurance Companies’ Performance from (March 1, 2021–September 4, 2023) |
| title_short | Analyzing the Performance of Bitcoin to Gold Prices, the Telecommunications Market, the Stock Price Index, and Insurance Companies’ Performance from (March 1, 2021–September 4, 2023) |
| title_sort | analyzing the performance of bitcoin to gold prices the telecommunications market the stock price index and insurance companies performance from march 1 2021 september 4 2023 |
| topic | cryptocurrencies bitcoin gold price telecommunications stock price insurance |
| url | https://journals.uhd.edu.iq/index.php/uhdjst/article/view/1179 |
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