SKRIPSI MBS
VELOCITY OF CRYPTOCURRENCY MEMODERASI BETA CRYPTOCURRENCY DAN KURS MATA UANG TERHADAP RETURN CRYPTOCURRENCY NONFUNGIBLE TOKEN
ABSTRACT
Cryptocurrency is an investment commodity that can generate returns and
already has a license to be traded in exchange trading through the
Indonesian Commodity Trade Regulatory Agency. Investment in
cryptocurrency is increasingly widespread throughout the world, including
in Indonesia supported by significant price increases. The main objective
of this research is to create an investment strategy model that is able to
avoid risks in cryptocurrency investments. This research is a quantitative
descriptive study with a population of 5 coin cryptocurrency with the
largest market caps in Bitcoin (BTC), Ethereum (ETH), Ripple (XRP),
Solana(SOL), Cardano(ADA). The type of data in this study is the time
series data taken from the monthly cryptocurrency transaction report from
January 2019 to December 2021, so that the target population is 180 (3
years x 12 months x 5 coins) monthly report data for the research
sample.Data analysis methods in this study use the Moderate Regression
Analysis (MRA) regression model and data analysis using statistical e-
views software. The results of the analysis of the research data show that
the dimensions of the risk factor variables, namely beta cryptocurrency,
inflation rates, currency rates, have a negative and significant effect on
alpha 0.1 of cryptocurrency returns so that they can be justified as a
negative risk assessment model. While the variable dimensions of
world commodity prices, namely world oil prices, coal prices and world
gold prices have a positive and significant effect on alpha 0.1 of
cryptocurrency returns so that they can be justified as a positive risk
assessment model.
Key Words :Return Cryptocurrency, Velocity of Cryptocurrency.
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