Constant changes in the prices of goods and services cause inflation. This inflation can cause a decrease in the value of money owned by the community, so it is important for investors to be able to hedge so that the value of wealth is maintained. This study aims to analyze whether there is a cointegration relationship between inflation and bonds, stock markets, gold, real estate and bitcoin in the market in Indonesia. This research was conducted quantitatively using the Johansen's Cointegration Test method analysis technique. The data used in this study are in the form of monthly from 2011 to 2023. The results of the study show that bonds, stock markets, gold and real estate have a cointegration relationship with inflation. However, bitcoin does not have a cointegration relationship with inflation.
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