This paper explores the hedging capabilities of Bitcoin by applying an asymmetric GARCH methodology, similar to previous research on gold. The study uses daily data from July 2010 to May 2015, including Bitcoin prices, exchange rates, and the Financial Times Stock Exchange Index (FTSE). The results indicate that Bitcoin can be used as a hedge against the FTSE Index, showing no correlation between Bitcoin returns and changes in the stock market. Additionally, Bitcoin exhibits short-term hedging capabilities against the American dollar, particularly in the context of high-frequency trading. The findings suggest that Bitcoin can be added to the list of tools available for market analysts to manage specific risks, similar to gold. The paper concludes that Bitcoin has a clear place in portfolio analysis and risk management, offering unique advantages due to its high-frequency trading nature.This paper explores the hedging capabilities of Bitcoin by applying an asymmetric GARCH methodology, similar to previous research on gold. The study uses daily data from July 2010 to May 2015, including Bitcoin prices, exchange rates, and the Financial Times Stock Exchange Index (FTSE). The results indicate that Bitcoin can be used as a hedge against the FTSE Index, showing no correlation between Bitcoin returns and changes in the stock market. Additionally, Bitcoin exhibits short-term hedging capabilities against the American dollar, particularly in the context of high-frequency trading. The findings suggest that Bitcoin can be added to the list of tools available for market analysts to manage specific risks, similar to gold. The paper concludes that Bitcoin has a clear place in portfolio analysis and risk management, offering unique advantages due to its high-frequency trading nature.