Bitcoin Shows Mixed Results As Hedging Tool -- Market Talk

Dow Jones04-21 23:41

1141 ET - Recent price shocks created by crude oil volatility give academics an opportunity to study bitcoin's effectiveness as a safe haven asset as opposed to being a risk-on investment choice. David Krause with Marquette University says in a study that during the ongoing war with Iran, bitcoin shifted from being "primarily as a high-beta risk asset during normal periods" to exhibiting "conditional hedge-like characteristics." However, a similar shift was not seen during the U.S. military operation in Venezuela. "During the Venezuela event, bitcoin did not exhibit hedging characteristics and instead responded asymmetrically to oil price declines," Krause says. He concludes that bitcoin's behavior "appears contingent on the broader macroeconomic and geopolitical environment." (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

April 21, 2026 11:41 ET (15:41 GMT)

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David Krause with Marquette University says in a study that during the ongoing war with Iran, bitcoin shifted from being \"primarily as a high-beta risk asset during normal periods\" to exhibiting \"conditional hedge-like characteristics.\" However, a similar shift was not seen during the U.S. military operation in Venezuela. \"During the Venezuela event, bitcoin did not exhibit hedging characteristics and instead responded asymmetrically to oil price declines,\" Krause says. 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He concludes that bitcoin's behavior \"appears contingent on the broader macroeconomic and geopolitical environment.\" (kirk.maltais@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 21, 2026 11:41 ET (15:41 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STCE","symbol_name":"Schwab Crypto Thematic ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2629553530","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2629553530","pubTimestamp":1776786060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1141 ET - Recent price shocks created by crude oil volatility give academics an opportunity to study bitcoin's effectiveness as a safe haven asset as opposed to being a risk-on investment choice. 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David Krause with Marquette University says in a study that during the ongoing war with Iran, bitcoin shifted from being \"primarily as a high-beta risk asset during normal periods\" to exhibiting \"conditional hedge-like characteristics.\" However, a similar shift was not seen during the U.S. military operation in Venezuela. \"During the Venezuela event, bitcoin did not exhibit hedging characteristics and instead responded asymmetrically to oil price declines,\" Krause says. 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