Bitcoin: um ativo para proteção financeira contra a inflação ou será só mais um ativo de diversificação?

Abstract

In recent periods, the world has gone through, and still goes through, problems such as financial and political crises, pandemics and wars, which have shaken markets around the world. In 2008, during the subprime crisis, a new investment alternative emerged that would currently become one of the most famous assets for investors, Bitcoin, which was created by an author with the code name Satoshi Nakamoto, who even in the days of Today it is not known whether it was one person or a group of people who were responsible for creating this first cryptocurrency. Therefore, this work seeks to see whether Bitcoin can be an alternative for investors seeking to protect their assets against crises of various types or whether it is just another asset for investment diversification, but also showing the importance of being cautious when The subject is cryptocurrencies, as it is a new asset on the market, it still has constant variations and it is recommended to place only a small portion of your money in this asset, and also to show that investors must have a long-term view. Exploratory and explanatory research was carried out to show how Bitcoin can be an investment alternative in relation to other assets, and show its development since its emergence. Data were also collected to carry out correlation analyses, using the Pearson Coefficient model, and linear regression using the Ordinary Least Squares model, showing that Bitcoin has a strong correlation with gold, S&P 500 and the euro. However, the work faced some limitations, such as the collection of Bitcoin data from 2017 and not 2008, using data from 2017 to 2023, and having a central focus on the national market. and not the international one. Coming to the conclusion that Bitcoin would currently function as an investment diversification alternative than an asset to guarantee asset protection.