ANALISIS PERBANDINGAN KINERJA CRYPTOCURRENTCY BITCOIN, SAHAM DAN EMAS SEBAGAI ALTERNATIF INVESTASI

Abstract

This research aimed to find out and analyze the performance comparison of cryptocurrency Bitcoin, stocks, and gold. Besides, it was also used to examine the significant difference between the return of Bitcoin, stocks, and gold. Also, it was used to examine the significant difference between the performance of Bitcoin, stocks, and gold with the method of Sharpe, Jensen, and Jensen. The research was comparative-quantitative. Moreover, the population used monthly closing prices from Bitcoin, LQ45 stocks, and gold from January 2017 until December 2021, which was 180 data. Furthermore, the data collection technique used saturated sampling. The data were secondary with comparative as the analysis method. Additionally, the data were calculated by Microsoft Excel based on the formula of each variable and statistically processed with SPSS i.e., Kurskall-Wallis. The results showed that there was no significant difference among Bitcoin, LQ-45 stocks, and gold due to Jensen's return and performance size. In addition, there were significant differences among Bitcoin, LQ45 stocks, and gold that referred to the risk, Sharpe's performance size, and Terynor's performance size.