Paper Title
Is Bitcoin a Hedge or Safe Haven? Wavelet-Based Quantile

Abstract
This present paper used wavelet method to explore whetherBitcoin could be used a hedge on average or a safe haven during financial crises. All data categorized by Maximal Overlap Discrete Wavelet Transform (MODWT) method to 6 scales. Each twin scales indicated short-run, medium-run and long-run,respectively. Theresultsimplied that Bitcoin could hedge Euro in all terms but only hedge Gold in long-run. Interestingly, empirical results indicated that Bitcoin was a strong safe haven for Euro in contemporaneous and lagged periods but only a weak safe haven in long-run for Gold. Keywords - Safe Haven, Hedge, Bitcoin, Gold, Euro, Wavelet