ProBisnis : Jurnal Manajemen
Vol. 14 No. 5 (2023): October: Management Science

Comparison of the Performance of Cryptocurrency Bitcoin and Stock as an Alternative Investment

Shabrina Herawati (Universitas Muhammadiyah Karanganyar)
Kurniawan Arif Maspul (Al Madinah International University)
Heri Sasono (STIE Dharma Bumiputera)
I Gusti Ngurah Agung Dewantara Putra (Universitas Udayana)
Muhammad Syafri (Universitas Negeri Makassar)
Raúl Eleazar Arias Sánchez (Universidad Nacional de Huancavelica)



Article Info

Publish Date
31 Oct 2023

Abstract

The research aims to test whether there is a real difference between the investment performance of bitcoin and other investment instruments, namely shares. This research is quantitative research. The unit of analysis in this research is the monthly closing price of bitcoin and LQ45 shares for the period January 2018 to April 2021, namely 80 pieces of data. The analytical method used is the comparative method and the data used is secondary data. The results of this research show that there is no real difference between bitcoin and LQ45 shares when viewed from returns, there is a real difference between bitcoin and LQ45 shares when viewed from risk, there is a real difference between bitcoin and LQ45 shares when viewed from Sharpe performance measures. When making an investment, pay close attention to the returns and risks of both bitcoin and shares, don't be tempted by the potential profits without knowing the various risks that could occur and spreading assets across several investment instruments is one of the things recommended by this research.

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Journal Info

Abbrev

ProBisnis

Publisher

Subject

Humanities Computer Science & IT Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

Description

ProBisnis: The Management Journal was previously published in print, then in 2020 it was changed to online. This journal has ISSN: 2086-7654( Print) and ISSN: 2808-7240(Online). The scope of this journal is Economics, Management, Marketing, Strategic Management, Entrepreneurship, Leadership ...