Volatilitas Cryptocurrency di Indonesia: Investasi Keuangan Pada Bitcoin Sebelum dan Sesudah Peresmian Bursa Kripto

Muhammad Rijal Alim Rahmat (Universitas Negeri Makassar)
Indri Iswardhani (Universitas Negeri Makassar)

SYNERGY: Jurnal Bisnis dan Manajemen
Vol 5, No 1 (2025)

This study analyzes the volatility of cryptocurrency, specifically Bitcoin, in Indonesia during the period of 2022-2024, before and after the launch of the Crypto Exchange on July 17, 2023. The study aims to evaluate the effectiveness of this policy in creating stability in the crypto market. Using a quantitative approach and historical volatility analysis, the research found that the launch of the Crypto Exchange boosted investor confidence and reduced volatility in 2023. However, in 2024, volatility increased again due to market speculation surrounding Bitcoin's halving and regulatory uncertainties. The findings provide valuable insights for investors and regulators in navigating the rapidly changing crypto market in Indonesia