Persistence and volatility spillovers of bitcoin price to gold and silver prices

The paper investigates persistence, returns and volatility spillovers from the bitcoin market to gold silver markets using daily datasets January 2, 2018 July 31, 2020 by employing fractional persistence framework. results show strong price with posing highest while poses lowest persistence. of multivariate GARCH modelling, CCC-VARMA-GARCH model other lower variants indicate impossibility spillover between (or silver) market, there exist bi-directional spillovers. Appropriate portfolio management hedging strategies render towards end require more investments in fully have diversification advantage reduce risk minimum without reducing expected their portfolio.