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This research paper analyzes the relationship between gold price movements and Bitcoin investor sentiment from August 2020 to August 2022. Using the Pooled Mean Group method, it finds that gold prices significantly influence Bitcoin investor sentiment in both the short and long term, highlighting the importance of behavioral factors in this dynamic. The study suggests that gold serves as a positive influence on the Bitcoin market, reinforcing its role as a hedge against volatility in alternative assets.

Author

Miha Koritnik

Language

EN