Is bitcoin a good investment asset?

Mestrado Bolonha em Economia Monetária e FinanceiraThis dissertation aims to analyze the consequences of adding Bitcoin to an in- vestment portfolio. The main methodology used is the Mean-Variance model combined with the Monte Carlo Simulation. Results show that Bitcoin can im- prove the Sharpe Ratio of an already diversified portfolio, however the inclusion of Bitcoin has to be done in proportions averaging 3.83% of the portfolio’s weight. This dissertation also found that Bitcoin does not seem to behave as a safe haven/hedge asset during the Covid-19 pandemic.info:eu-repo/semantics/publishedVersio