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International Journal of Academic Research in Economics and Management Sciences

Open Access Journal

ISSN: 2226-3624

Bitcoin, Economic Policy Uncertainty and Geopolitical Risk: A Systematic Review

Thong Li Yi, Ricky Chia Chee Jiun , Mohd Fahmi Ghazali

http://dx.doi.org/10.6007/IJAREMS/v13-i1/17208

Open access

Among all the cryptocurrencies in the market, Bitcoin is the most widely discussed and most popular cryptocurrency in the cryptocurrency market. This study aims to review and summarize the existing literature findings pertaining to the impact of geopolitical risk and economic policy uncertainty on Bitcoin. The results shown geopolitical risk and economic policy uncertainty have predictive power on Bitcoin prices. Both economic policy uncertainty and geopolitical risk have positive and negative effects on Bitcoin. The geopolitical risk and economic policy uncertainty able serve as a hedging instrument against Bitcoin. Bitcoin also can act as a safe haven against geopolitical risk and economic policy uncertainty. A summary of further implication from previous study suggested utilizing other uncertainty measures, applying other cryptocurrency, exploring Bitcoin’s relationship with other financial assets, and employing alternative methodologies.

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(Yi et al., 2024)
Yi, T. L., Jiun, R. C. C., & Ghazali, M. F. (2024). Bitcoin, Economic Policy Uncertainty and Geopolitical Risk: A Systematic Review. International Journal of Academic Research in Economics and Managment and Sciences, 13(1), 9–32.