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Si-Xuan Chen

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Open access Aug 2026

State-dependent Bitcoin risk: evidence from portfolio analysis and option-implied skew

Bitcoin has become an increasingly important asset for portfolio allocation, yet its diversification value and option-implied information remain difficult to evaluate. This paper examines Bitcoin risk from portfolio and option-implied perspectives. This study assesses whether Bitcoin improves the risk-return opportunit...

Si-Xuan Chen · 0 citations

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