Comparative Analysis of The Performance of Bitcoin, Stocks, and Gold as Alternative Investments

Siti Hernita Oktavia, Indira Shofia, Abdul Rauf, Abdul Halik

Abstract


The objective of this research is to examine and analyze the performance comparison among Bitcoin cryptocurrency, stocks, and gold. This study employs a quantitative research approach utilizing a comparative method. The population consists of the monthly closing prices of Bitcoin, LQ45 stocks, and gold from 2018 to 2023, totaling 180 data points. A saturated sampling technique is applied in this research. The study utilizes time series data, relying on secondary data sources. Data analysis is conducted using Microsoft Excel, applying relevant formulas for each variable. The data is further processed using SPSS, specifically employing the ANOVA test. The findings reveal significant differences in returns and risks among Bitcoin, stocks, and gold. Additionally, the performance metrics—measured by the Sharpe, Treynor, and Jensen methods—also indicate notable differences among these three asset classes.


Keywords


Investment, Cryptocurrency, Bitcoin, Stock, Gold, Return, Risk, Perfomance

Full Text:

PDF

References


Adiyono, M., Suryaputri, R. V., Efan, E., & Kumala, H. (2021). Analisis Alternatif Pilihan Investasi Pada Era Digitalisasi. Jurnal Akuntansi Trisakti, 8(2), 227-248.

Farell, R. (2015). An Analysis Of The Cryptocurrency Industry. Tersedia PadaHttps://Repository.Upenn.Edu/Cgi/Viewcontent.CgiArticle=1133&Context=Wharton_Research_Scholar.

Liu, Y., & Tsyvinski, A. (2021). Risks And Returns Of Cryptocurrency.

The Review Of Financial Studies, 34(6), 2689-2727.

Lumbantobing, C., & Sadalia, I. (2021). Analisis Perbandingan Kinerja Cryptocurrency Bitcoin, Saham, Dan Emas Sebagai Alternatif Investasi. Studi Ilmu Manajemen Dan Organisasi, 2(1), 33-45.

Mahessara, R. D., & Kartawinata, B. R. (2018). Comparative Analysis Of Cryptocurrency In Forms Of Bitcoin, Stock, And Gold As Alternative Investment Portfolio In 2014– 2017. Jurnal Sekretaris Dan Administrasi Bisnis, 2(2), 38-51.

Meiyura, A. P., & Azib, A. (2020). Analisis Perbandingan Return Dan Risk Investasi Antara Emas Dan Bitcoin Periode Juli 2016–Juni 2019

Otoritas Jasa Keuangan. 2021. Pengelolaan Investasi. Https://Www.Ojk.Go.Id/Id/Kanal/Pasar Modal/Pages/Pengelolaan-Investasi.Aspx.

Sugiyono. 2013. Metode Penelitian Kuantitatif, Kualitatif Dan R & D. Bandung: Alfabeta.




DOI: http://dx.doi.org/10.58258/bisnis.v4i2.8651

Refbacks

  • There are currently no refbacks.


Lisensi Creative Commons
Ciptaan disebarluaskan di bawah Lisensi Creative Commons Atribusi-BerbagiSerupa 4.0 Internasional.

Bussiness Management
p-ISSN: 2828-8203, e-ISSN: 2828-7606
Jurnal ini diterbitkan oleh Lembaga Penelitian dan Pendidikan (LPP) Mandala.

Alamat: Jl. Lingkar Selatan, Perum Elit kota Mataram Asri Blok O. No. 35, Jempong Baru, Sekarbela, Kota Mataram NTB. Indonesia