Pengaruh indeks harga saham gabungan dan suku bunga terhadap cryptocurrency
Article Sidebar
Interest Rate,
Cryptocurrency
Main Article Content
Abstract
Cryptocurrency has become very popular among Indonesian people with a very significant increase in 2020. This is an interesting phenomenon to study, because Cryptocurrency in the form of bitcoin still does not have clear legality in 2020. Various previous studies have shown a relationship between the composite stock price index (IHSG) and interest rates with Cryptocurrency. This study uses a quantitative approach with an empirical method using 2020 research data. The results of the study show that the influence of IHSG and interest rates on cryptocurrency is different. IHSG has a positive effect, meaning that the higher the IHSG, the higher the Cryptocurrency. Meanwhile, the lower the interest rate, the higher the Cryptocurrency. This indicates consistency that IHSG and interest rates have an effect on Cryptocurrency in Indonesia.
Article Details
References
Adrian, T., & Mancini-Griffoli, T. (2021). The rise of digital money. Annual Review of Financial Economics, 13, 57-77.
Brunnermeier, M. K., James, H., & Landau, J. P. (2019). The digitalization of money (No. w26300). National Bureau of Economic Research.
Delfabbro, P., King, D. L., & Williams, J. (2021). The psychology of cryptocurrency trading: Risk and protective factors. Journal of behavioral addictions, 10(2), 201-207.
DeVries, P. D. (2016). An analysis of cryptocurrency, bitcoin, and the future. International Journal of Business Management and Commerce, 1(2), 1-9.
Dixit, A. K., & Pindyck, R. S. (2009). The options approach to capital investment. In The economic impact of knowledge (pp. 325-340). Routledge.
Du, Q., Wang, Y., Wei, C., Wei, K. C. J., You, H., Broadstock, D., ... & Otto, C. (2019). Speculative Trading. Bitcoin, and Stock Returns* Speculative Trading, Bitcoin, and Stock Returns.
Dwicaksana, H. (2020). Akibat Hukum Yang Ditimbulkan Mengenai Cryptocurrency Sebagai Alat Pembayaran Di Indonesia. Jurnal Privat Law, 8(2), 187-193.
Fadhil, M., Owenson, G., & Adda, M. (2017, May). Locality based approach to improve propagation delay on the bitcoin peer-to-peer network. In 2017 IFIP/IEEE Symposium on Integrated Network and Service Management (IM) (pp. 556-559). IEEE.
Glaser, F., Zimmermann, K., Haferkorn, M., Weber, M. C., & Siering, M. (2014). Bitcoin-asset or currency? revealing users' hidden intentions. Revealing Users' Hidden Intentions (April 15, 2014). ECIS.
Grant, G., & Hogan, R. (2015). Bitcoin: Risks and controls. Journal of Corporate Accounting & Finance, 26(5), 29-35.
Herwani, E., & Sara, R. (2022, August). Legal Aspect of Cryptocurrency Transactions in Indonesia. In Proceedings of the 2nd International Conference on Law, Social Science, Economics, and Education, ICLSSEE 2022, 16 April 2022, Semarang, Indonesia.
Mattke, J., Maier, C., Reis, L., & Weitzel, T. (2021). Bitcoin investment: a mixed methods study of investment motivations. European Journal of Information Systems, 30(3), 261-285.
Owenson, G., & Adda, M. (2017, June). Proximity awareness approach to enhance propagation delay on the bitcoin peer-to-peer network. In 2017 IEEE 37th International Conference on Distributed Computing Systems (ICDCS) (pp. 2411-2416). IEEE.
Rogoff, K. (2017). Dealing with monetary paralysis at the zero bound. Journal of Economic Perspectives, 31(3), 47-66.
Sihombing, M. S. P., Nawir, J., & Mulyantini, S. (2020). Cryptocurrency, Nilai Tukar dan Real Asset Terhadap Harga Saham Pada Perbankan Indonesia yang Terdaftar di Bursa Efek Indonesia. Ekonomi dan Bisnis, 7(2), 171-196.
Suhartono, F. Q. (2009). Portofolio Investasi dan Bursa Efek Pendekatan Teori dan Praktik. Yogyakarta: UPP STIM YKPN.
Sun, W., Dedahanov, A. T., Shin, H. Y., & Kim, K. S. (2020). Switching intention to crypto-currency market: Factors predisposing some individuals to risky investment. PloS one, 15(6), e0234155.
Tandelilin, E. (2010). Portofolio dan Investasi: Teori dan Aplikasi (Kedua). Yogyakarta: BPFE.
Wang, Y., Wei, C., Wei, K. J., & You, H. (2019). Speculative Trading, Bitcoin, and Stock Returns Qingjie Du.