The Effect of Stock Index and Gold Price Movements on Bitcoin Price Movements

Abstract

This study aims to determine the effect of the S&P 500 Stock Index Price and Gold Price movements on Bitcoin Price movements. This research uses quantitative methods and data collection used is secondary data. Secondary data sources are obtained through the website finance.yahoo.com. The data processing technique will be carried out using SPSS 23 program and the method analysis in this study using descriptive and verification analysis consisting of Multiple Linear Regression method. The results of this study show that the stock index price has a positive effect on the movement of the Bitcoin price, while the gold price has a negative effect on the movement of the Bitcoin price.