Analisis Perbandingan Kinerja Cryptocurrency Bitcoin, Saham, dan Emas sebagai Alternatif Investasi
Abstract:
Purpose: This research aimed to find out and analyze the comparison of Bitcoin, stocks, and gold performances.
Research methodology: The analytical method used in this research is a comparative method by using secondary data. Microsoft Excel program was used to calculate the formula of each variable. Then, the data were processed statistically by using the SPSS application, the Kurskall-Wallis Test.
Results: This study indicates that there is no significant difference between Bitcoin, LQ45 stocks, and gold when measured from return and Jensen’s performance measure. Then, there are significant differences between Bitcoin, LQ45 stocks, and gold when measured from risk, Sharpe performance’s measure, and Treynor performance’s measure
Limitations: The data used in this research were only from April 2013 – October 2019.
Contribution: This research contributes to investors and anyone who wants to invest.
Downloads
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- Aves, A. (2018). How to Get Started in Cryptocurrency. Quoine Liquid.
- Dai, W. (1998). b-money. http://www.weidai.com/bmoney.txt
- Fahmi, I. (2015). Manajemen Investasi teori dan Soal Jawab (2nd ed.). Salemba Empat.
- Goldprice.org. (n.d.). Gold Price History. https://goldprice.org/gold-price-history.html
- Gumanti, T. A. (2011). Manajemen Investasi: Konsep, Teori, dan Aplikasi. Mitra Wacana Media.
- Henriques, I., & Sadorsky, P. (2018). Can Bitcoin Replace Gold in an Investment Portfolio? Journal of Risk and Financial Management.
- Jensen, M. C. (1967). The Performance of Mutual Funds in the Period 1945-1964. Journal of Finance, 23(2), 389–416. https://doi.org/https://dx.doi.org/10.2139/ssrn.244153
- Jones, C. P. (2016). Investments Analysis and Management. Wiley.
- Khameswara, T. D., Hidayatullah, W., & Purbo, O. W. (2014). Bitcoin Uang Digital Masa Depan.
- Lind, D. A., Marchal, W. G., & Wathen, S. A. (2011). Statistical Techniques in Business & conomics. McGraw-Hill.
- Liu, Y., & Tsyvinki, A. (2018). Risk and Returns Cryptocurrency.
- 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. 38–51.
- Meiyura, A. P., & Azib. (2020). Analisis Perbandingan Return dan Risk Investasi antara Emas dan Bitcoin Periode Juli 2016 – Juni 2019. Prosiding Manajemen.
- Nakamoto, S. (2008). Bitcoin: A Peer-to-Peer Electronic Cash System. https://Bitcoin.org/Bitcoin.pdf
- Nurcahya, E. (2019). Perbandingan Tingkat Risiko dan Keuntungan dari Investasi Foreign Exchange dan Emas pada PT. Valbury Asia Futures Terhadap Investasi Saham dan Bitcoin. Universitas Teknologi Yogyakarta.
- Sharpe, W. F. (2020). The Sharpe Ratio. Stanford University. http://web.stanford.edu/~wfsharpe/art/sr/sr.htm
- Tandelilin, E. (2014). Portofolio dan Investasi. KANISIUS.
- Treynor, J. L. (2007). Treynor On Institutional Investing. Wiley Finance.
- www.coinmarketcap.com. (n.d.). Historical Data for Bitcoin. https://coinmarketcap.com/currencies/Bitcoin/historical-data/
- www.coinvestasi.com. (2018). Apa Itu Cryptocurrency. https://coinvestasi.com/belajar/apa-itu-cryptocurrency
- www.googlefinance.com. (n.d.). Composite IDX. https://www.google.com/finance/quote/COMPOSITE:IDX
- www.investing.com. (n.d.). BTC/IDR BTC Indonesia Historical Data. https://www.investing.com/crypto/Bitcoin/btc-idr-historical-data
- www.investing.com. (n.d.). Gold Futures Historical Data. https://www.investing.com/commodities/gold-historical-data
- www.investing.com. (n.d.). Jakarta Stock Exchange LQ45 Historical Data. https://www.investing.com/indices/jakarta-lq45-historical-data
- www.kontan.co.id. (2018). Bappebti Menetapkan Kripto Jadi Komoditi Apaka Investasi Kripto Sudah Legal. https://fokus.kontan.co.id/news/bappebti-menetapkan-kripto-jadikomoditi-%0Aapakah-investasi-kripto-sudah-legal
- www.wartaeknomi.co.id. (2018). 49% Orang Indonesia Ingin Jadikan Cryptocurrency sebagai Investasi. https://www.wartaekonomi.co.id/read199460/49-orang-indonesia-ingin-jadikan-cryptocurrency-sebagai-investasi.html.