Are Gold and Bitcoin a Safe Haven for European Indices?

Abstract Numerous turbulent events in the recent past have raised issue of an asset that could play role safe haven. Although for many years it was considered gold has a haven, increasing number works challenge such point view. The emergence cryptocurrencies after Global financial crisis opened up numerous questions, one them being whether cryptocurrencies, as (money) independent governments, can Therefore, paper examines and bitcoin, latter best representative crypto-currencies, haven relation to European indices. In paper, this hypothesis confirmed rejected bitcoin.