{"title":"加密货币数字资产:加密货币证券市场作为投资资产类别出现的证据，2018-2023","authors":"Mitchell Miller, Dale Prondzinski","doi":"10.33423/jaf.v23i2.6090","DOIUrl":null,"url":null,"abstract":"This study seeks to understand the value of digital assets as inve stments. The study compared the returns of the FAANG stocks and the S&P 500 TR Index to Bitcoin and the CRIX index. The results found no significant difference between the returns of the FANG stocks and Bitcoin on a risk-adjusted basis. However, the study found a significant difference between the S&P 500 TR Index as compared to Bitcoin and the CRIX index on a risk-adjusted basis. The period of the study, 2018-2023, reflects the relevant time band measured by the number of published studies and academic articles. The authors conclude that while Bitcoin may be an investment of choice for a risk-seeking investment style, better assets of choice exist for a risk-averse investor building a diversified portfolio.","PeriodicalId":36300,"journal":{"name":"Universal Journal of Accounting and Finance","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2023-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Cryptocurrency Digital Assets: Evidence of the Emergence of Cryptocurrency Securities Markets as an Investment Asset Class, 2018-2023\",\"authors\":\"Mitchell Miller, Dale Prondzinski\",\"doi\":\"10.33423/jaf.v23i2.6090\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study seeks to understand the value of digital assets as inve stments. The study compared the returns of the FAANG stocks and the S&P 500 TR Index to Bitcoin and the CRIX index. The results found no significant difference between the returns of the FANG stocks and Bitcoin on a risk-adjusted basis. However, the study found a significant difference between the S&P 500 TR Index as compared to Bitcoin and the CRIX index on a risk-adjusted basis. The period of the study, 2018-2023, reflects the relevant time band measured by the number of published studies and academic articles. The authors conclude that while Bitcoin may be an investment of choice for a risk-seeking investment style, better assets of choice exist for a risk-averse investor building a diversified portfolio.\",\"PeriodicalId\":36300,\"journal\":{\"name\":\"Universal Journal of Accounting and Finance\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2023-05-15\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Universal Journal of Accounting and Finance\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.33423/jaf.v23i2.6090\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q4\",\"JCRName\":\"Economics, Econometrics and Finance\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Universal Journal of Accounting and Finance","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.33423/jaf.v23i2.6090","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
Cryptocurrency Digital Assets: Evidence of the Emergence of Cryptocurrency Securities Markets as an Investment Asset Class, 2018-2023
This study seeks to understand the value of digital assets as inve stments. The study compared the returns of the FAANG stocks and the S&P 500 TR Index to Bitcoin and the CRIX index. The results found no significant difference between the returns of the FANG stocks and Bitcoin on a risk-adjusted basis. However, the study found a significant difference between the S&P 500 TR Index as compared to Bitcoin and the CRIX index on a risk-adjusted basis. The period of the study, 2018-2023, reflects the relevant time band measured by the number of published studies and academic articles. The authors conclude that while Bitcoin may be an investment of choice for a risk-seeking investment style, better assets of choice exist for a risk-averse investor building a diversified portfolio.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
