  As the first crisis faced by Crypto-assets, Covid-19 updated the debate about
their safehaven properties. Our paper tries to analyze the safe-haven
properties of Crypto-assets and Gold for European assets. We find that Gold has
not been more efficient than Cryptoassets (Tether, Cardano and Dogecoin) as
safe-haven during the market crash due to Covid-19 in March 2020. We also found
that during the study period Bitcoin, Ethereum, Litecoin and Ripple were just
diversifiers for the European indices. Finally, Tether, Cardano and Dogecoin
showed hedging properties like Gold before and after the market crash.
