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On the hedge and safe haven properties of Bitcoin: is it really more than a diversifier? If it is significantly different from zero, the connection is removed. A clear comparison for the dynamic relationships between Bitcoin and other markets before and during COVID crisis can help researchers to understand the changing role of cryptocurrency in both economic stable and crisis time. In general, reasonable changes to the parameters do not impact the outcome and conclusion of this research. These links are directed and weighted, reflecting the exposure of each institutions Gai and Kapadia,
