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Oktavia, Siti Hernita
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Comparative Analysis of The Performance of Bitcoin, Stocks, and Gold as Alternative Investments Oktavia, Siti Hernita; Shofia, Indira; Rauf, Abdul; Halik, Abdul
Business Management Vol 4, No 2 (2025): Business Management Mei
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Mandala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58258/bisnis.v4i2.8651

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.
The Role of Digital Capabilities and Financial Literacy in Shaping Crypto Investment: A Systematic Review Digital Financial Era Hadiwijaya, Eka; Oktavia, Siti Hernita; Andriadi, Taufik; Mujanah, Siti
Business Management Vol 4, No 3 (2025): Business Management Agustus
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Mandala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58258/bisnis.v4i3.9085

Abstract

This article aims to examine the role of digital capabilities and financial literacy in shaping crypto investment behavior through a systematic literature review approach. The method used is systematic literature review based on the PRISMA protocol, by analyzing 15 articles published in 2018–2024 from various national and international databases. The results of the study show that the combination of digital capabilities and financial literacy significantly shapes rational, adaptive, and risk-resistant investment behavior in the crypto ecosystem. This study produces a conceptual model that places these two variables as the foundation for human resource (HR) transformation in facing the era of decentralized finance (Decentralized Finance). Policy implications offered include cross-disciplinary curriculum design and community-based training to enhance community preparedness. Novelty of this article lies in the simultaneous integration of digital capabilities and financial literacy in the context of crypto investment and digital HR transformation, which has not been widely discussed in previous studies.