EKONOMI, KEUANGAN, INVESTASI DAN SYARIAH (EKUITAS)
Vol 6 No 2 (2024): November 2024

Looking for the Best Asset Class: Cryptocurrency, Gold or Stocks?

Laksana, Reksha (Unknown)



Article Info

Publish Date
30 Nov 2024

Abstract

Cryptocurrency is a fast-growing asset class that is the talk of the town around the world. In less than 15 years, the cryptocurrency market capitalization was recorded at more than 1 trillion dollars. This research was conducted with a comparative descriptive approach aimed at comparing the return, risk and performance of bitcoin, gold and BCA shares. The data used is the daily closing price of bitcoin, gold (xau-usd) and BCA shares from 2013-2022. In the observation period 8742 data were obtained. The sampling technique of this research is saturated sampling, the return variable is assessed by realized return, risk is assessed by standard deviation, and performance measurement by the Sharpe method. Researchers conducted normality and homogeneity tests and then used the Kruskall-Wallis test. The results showed that the return of bitcoin, gold and BCA shares did not have a significant difference but the risk and performance of bitcoin, gold and BCA shares had a significant difference. Interesting findings that were successfully obtained were the results of the Kruskall-Wallis ranking showing that the average return of BCA shares had the highest position compared to bitcoin and gold, but BCA shares had a risk rating in second place after bitcoin while gold was in third place. The best performance is achieved by bitcoin in the first rank, BCA shares in the second rank and gold in the last position.

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Journal Info

Abbrev

ekuitas

Publisher

Subject

Economics, Econometrics & Finance

Description

1. Auditing, 2. Financial Management, 3. Marketing Management, 4. Strategic Management, 5. Organizational Behavior, 6. Operations Management, 7. Change Management, 8. Management of Sharia, 9. Knowledge Management 10.Entrepreneurship, 11.E-Business, 12.Business Management, 13.Capital Market, 14.Risk ...