Cryptocurrencies for Investment Use: Risks and Returns Cover Image

Kripto Paraların Yatırım Amaçlı Kullanımı: Riskler ve Getiriler
Cryptocurrencies for Investment Use: Risks and Returns

Author(s): Semra Öncü, Doğuş Ektik
Subject(s): Business Economy / Management, Financial Markets, ICT Information and Communications Technologies
Published by: Celal Bayar Üniversitesi Sosyal Bilimler Enstitüsü
Keywords: Cryptocurrency; Modern Portfolio Theory; Performance Measurement; Optimum Portfolio;

Summary/Abstract: In this study, in which the effects of cryptocurrencies on portfolio risk and return are measured and interpreted; The usability of cryptocurrencies as a useful portfolio tool for investors was researched, investigations were made for their use as active currency and performance measurements were made with various portfolio contents. In this context, as the universe and sample, the three cryptocurrencies with the highest transaction volume in the crypto money markets as of the end of 2018, the three exchange rates with the highest transaction volume in our country. As a result of the analysis and literature review, the high volatility of crypto coins and their use as an investment tool rather than an exchange tool in accordance with their purpose of existence are observed as negative consequences for crypto currencies. However, it is understood that the opposite correlation they show when included in the portfolio content positively affects the portfolio in risk-return assessment and that high returns can be obtained with their performances.

  • Issue Year: 19/2021
  • Issue No: 04
  • Page Range: 362-395
  • Page Count: 34
  • Language: Turkish