Analysis of Cryptocurrency Investment Determinants

Authors

  • Gigih Ganang Asyraf Rif’an Department of Economics, Faculty of Economics and Business, Universitas Muhammadiyah Yogyakarta, Special Region of Yogyakarta

DOI:

https://doi.org/10.18196/jerss.v6i2.15317

Keywords:

Currency, Crypto, Investment, Risk, Return

Abstract

Various financial products have emerged in the era of the digital economy, including cryptocurrencies. In Indonesia, the Commodity Futures Trading Regulatory Agency (CoFTRA) regulates the use of cryptocurrencies. Cryptocurrencies are designated as investment assets that can be included as commodities in trading on futures exchanges but are prohibited from being used as a means of payment. Crypto investors in Indonesia alone in 2021 have reached 6.5 million people with a transaction value of Rp 370 trillion as of May 2021. This number continues to increase from the previous year, making crypto investors bigger than stocks or mutual funds. This study then analyzes the factors influencing the Indonesian people's interest in investing in cryptocurrencies. Data collection techniques were collected through questionnaires distributed online to 97 respondents, while data processing used multiple regression analysis. The findings of this study indicate that yield and flexibility have a positive and significant effect on interest in investing in cryptocurrencies. Meanwhile, the prohibition of cryptocurrencies has a negative impact on interest in investing in cryptocurrencies.

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Published

2022-07-08

How to Cite

Rif’an, G. G. A. (2022). Analysis of Cryptocurrency Investment Determinants. Journal of Economics Research and Social Sciences, 6(2), 131–138. https://doi.org/10.18196/jerss.v6i2.15317

Issue

Vol. 6 No. 2: August 2022

Section

Articles

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