Open AccessBitcoin: A New Asset Class?
Author(s) -
Rr. Widad Nawa Huwaida,
Taofik Hidajat
Publication year - 2020
Publication title -
media ekonomi dan manajemen
Language(s) - English
Resource type - Journals
eISSN - 2503-4464
pISSN - 0854-1442
DOI - 10.24856/mem.v35i2.1223
Subject(s) - economics , exchange rate , monetary economics , stock exchange , portfolio , stock (firearms) , stock price , econometrics , financial economics , asset (computer security) , finance , computer science , mechanical engineering , paleontology , computer security , series (stratigraphy) , biology , engineering
This study aims to examine the effect of stock prices, exchange rates, and gold prices on the Bitcoin price. The data used are the IDX Composite, the Rupiah/ IDR exchange rate, and the daily gold price from July 19, 2010, to December 31, 2018. Regression equation results show that stock prices, exchange rates, and the gold price had a positive effect on Bitcoin price. Changes will follow changes that occur in stock prices, exchange rates, and gold prices in the price of Bitcoin in the same direction. Bitcoin is considered the same as other assets that are worth having in the investment portfolio.