Iman Patria Yudha, Raden Aswin Rahadi, Ana Noveria
This research investigates the strategic adoption of Bitcoin as a corporate asset in Indonesia, focusing on its potential as an inflation hedge and its impact on enhancing shareholder value. Employing a mixed-method approach combining qualitative interviews and the Analytical Hierarchy Process (AHP), the study explores the challenges, risks, and opportunities associated with integrating Bitcoin into corporate financial strategies. The findings reveal that risk mitigation emerges as the primary priority for companies considering Bitcoin adoption, underscoring the need for robust strategies such as investment diversification, hedging, and scenario analysis. Stakeholder acceptance, encompassing investors, regulators, and market sentiment, is identified as the second most crucial factor, highlighting the importance of a supportive regulatory environment and investor confidence. The research also highlights the significance of analyzing price trends and optimizing asset allocation strategies. The AHP analysis identifies the Strategic Diversification approach as the most preferred alternative, aligning with Modern Portfolio Theory principles. Additionally, the study addresses accounting and financial reporting challenges associated with Bitcoin adoption, emphasizing the need for clear guidance and standards. The implementation plan outlines key aspects such as infrastructure development, education initiatives, risk management frameworks, and regulatory collaboration to facilitate the responsible integration of Bitcoin into Indonesian corporate finance strategies.
The purpose of this study is to analyze the price review of Cryptocurrencies in Indonesia. This research uses qualitative research methods with the nature of literature review. qualitative research conducted and research purposes, sampling may not be necessary in qualitative research with a literature review. In this case, the researcher did not collect data from respondents or informants, so there was no need to take samples. The results of the study show that cryptocurrency prices in Indonesia are still considered digital assets and have not been recognized as legal currency. Nonetheless, Cryptocurrency transactions still occur in Indonesia and several Cryptocurrency exchanges also operate in Indonesia by complying with regulations set by the government. The development of blockchain technology and Cryptocurrency adoption continues to increase in Indonesia, and the Indonesian government has also introduced initiatives such as the Blockchain Indonesia program to increase awareness and adoption of blockchain technology in Indonesia. As an investor, keep in mind that Cryptocurrency is still very risky and very volatile. Therefore, it is necessary to be careful and carefully consider the risks before deciding to invest. It is also important to always follow the regulations and policies related to Cryptocurrency set by the Indonesian government.
Digital money was first developed in the 1960s when Western Union introduced electronic funds transfers (EFT). In Indonesia, digital money only became popular around 2007. Electronic money regulations are contained in Bank Indonesia Regulation Number 11/12/PBI/2009. Cryptocurrencies are made from a combination of blockchain technology and cryptography. Blockchain is a technology for recording interconnected transactions using unique and immutable codes. On the other hand, Cryptography is a branch of computer science that studies how to hide information. This research aims to obtain answers regarding cryptocurrencies as currency/method of exchange/assets/commodities in Indonesia. The theory applied is the theory of legal and vanity business transactions in Islam. This research is a literature study and is qualitative in nature. The data analysis technique used is analytical descriptive with a normative juridical Islamic law approach. From this research, the results show that cryptocurrencies are haram, referring to the MUI Fatwa, the decisions of the Laznah Bahtsul Masail East Java Nahdathul Ulama Regional Management (PWNU), the Tarjih Council and the Tajdin Central Executive of Muhammadiyah, the opinion of Islamic economics academics. The factors that make cryptocurrencies illegal because they are considered to contain speculation, maysir and are vulnerable to being used for illegal activities. The weaknesses of cryptocurrency are marked by the fall of crypto throughout 2022 and are predicted to continue in 2023. Crypto is illegal lighairihi or haram due to external factors, so it should be avoided.
Saat ini, keterbatasan informasi mengenai keaslian produk masih mengemuka, memicu penyebaran produk palsu secara tidak terkontrol di masyarakat. Supply chain, sebagai elemen integral, memiliki peran sentral dalam memberikan pemahaman signifikan kepada konsumen terkait produk yang mereka konsumsi. Teknologi blockchain dalam manajemen rantai pasok menawarkan transparansi, yang dapat secara substansial meningkatkan kepercayaan konsumen terhadap produk yang dipilihan. Namun, penerapan teknologi blockchain dalam rantai pasok saat ini masih terbatas, dan minimnya pemahaman tentang blockchain menjadi hambatan utama. Penelitian ini bertujuan untuk menyajikan informasi komprehensif mengenai produk dalam rantai pasok serta memanfaatkan teknologi blockchain melalui smart contract. Melalui penerapan sistem berbasis teknologi blockchain dalam rantai pasok, pengguna akan memperoleh informasi yang substansial dan komprehensif mengenai produk yang mereka akuisisi dan gunakan. Hasil evaluasi yang menunjukkan kepuasan konsumen secara keseluruhan sebesar 89,64%. Sistem ini sangat membantu bagi konsumen pada saat memutuskan untuk membeli sebuah produk dengan mengetahui informasi yang lengkap dan transparan terkait produk. Dalam hal ini, penerapan teknologi blockchain dengan smart contract meningkatkan keyakinan konsumen bahwa produk yang mereka beli autentik dan aman. Teknologi blockchain dengan smart contract menjadi solusi efektif dalam menanggulangi masalah produk palsu dan meningkatkan transparansi rantai pasok. Teknologi blockchain memungkinkan penyediaan informasi yang aman dan tidak dapat diubah, sedangkan smart contract memfasilitasi transaksi otomatis dan transparan tanpa perantara.
Muhammad Albirr Inzal Yazidillah, Bakti Samuel Barus
Dalam era digital saat ini, teknologi keuangan (fintech) telah membawa perubahan mendalam dalam paradigma keuangan global, khususnya dengan munculnya cryptocurrency sebagai bagian integral dari fintech dan elemen signifikan dalam investasi. Jurnal ini bertujuan menyumbangkan ulasan literatur yang komprehensif, fokus pada analisis risiko cryptocurrency sebagai instrumen investasi utama. Dengan peningkatan jumlah investor cryptocurrency di Indonesia mencapai 17,91 juta pada September 2023, penelitian ini bertujuan mengungkapkan lanskap risiko dan manfaat yang terkait dengan investasi cryptocurrency. Penelitian ini menggunakan metode tinjauan literatur untuk menjelajahi tidak hanya risiko yang umumnya diakui seperti volatilitas harga, tetapi juga faktor-faktor yang sering terabaikan seperti kerentanan teknologi, ketidakpastian regulasi, dan risiko pasar lebih luas. Analisis melibatkan pemahaman mendalam tentang dampak ekonomi dan sosial fluktuasi nilai cryptocurrency terhadap panggung keuangan global. Dengan memberikan wawasan yang matang, penelitian ini bertujuan memberdayakan investor, regulator, dan praktisi keuangan untuk menavigasi kompleksitas investasi cryptocurrency dan membuat keputusan terinformasi dalam lingkungan keuangan yang dinamis dan terus berkembang. Selain itu, jurnal ini secara kritis mengevaluasi literatur yang ada, mengidentifikasi kesenjangan pengetahuan, dan mengusulkan arah penelitian masa depan, berperan sebagai pendorong bagi pengembangan pemahaman dan pengelolaan risiko cryptocurrency
Istian Kriya Almanfaluti, Niken Amelia Putri, Muhammad Saddam Navaro
This research endeavors to contribute to the rapidly evolving landscape of technology-driven payment systems, with a focus on Indonesia. The primary objective is to design and develop a mobile application for a cryptocurrency digital wallet integrated with Quick Response Code Indonesian Standard (QRIS). The methodology involves utilizing Webservice for seamless implementation and Android Studio Framework for efficient mobile application development. The results showcase the successful creation of a mobile application that enables cryptocurrency owners to convert virtual assets into Indonesian Rupiah for various transactions, including purchasing mobile credits, electricity tokens, travel tickets, and other payments. The evaluation underscores the feasibility and practicality of the proposed solution, emphasizing the potential for increased ease, speed, and efficiency in transaction processing. This research opens avenues for further exploration and implementation of cryptocurrency-based payment systems, addressing the evolving needs of the digital economy in Indonesia and potentially serving as a model for global applications.Highlights : Seamless Implementation: The research successfully employs Webservice for the integration of a cryptocurrency digital wallet with QRIS, ensuring a smooth and efficient transaction process. Android Studio Framework: The use of the Android Studio Framework demonstrates the applicability and versatility of established tools in developing a robust and user-friendly mobile application for cryptocurrency transactions. Efficiency in Digital Transactions: The designed mobile application enables cryptocurrency owners to convert virtual assets to Indonesian Rupiah, enhancing transaction speed, ease, and overall efficiency in various financial interactionKeywords: Cryptocurrency, E-Wallet, QRIS Integration, Mobile Application, Digital Transactions. Keywords : Cryptocurrency, E-Wallet, QRIS Integration, Mobile Application, Digital Transactions.
In recent years, Non-Fungible Tokens (NFTs) have become a topic of discussion in society. NFTs have formed a new culture in the ownership of digital assets. The trading volume has increased, accompanied by the emergence of many creators in the local scene. With the significant opportunities recorded in this industry, many creator communities want to participate in presenting works that can be enjoyed by many people. By studying the variables of Web3 Brand Image and Photo Quality mediated by Collector Utilities Information on the Purchase Intention of prospective collectors in an NFT project, most of these variables have an influence, but one of them does not although it's not significant.
Nazaruddin A. Wahid, Dara Amanatillah, Cut Dian Fitri
The rapid growth of information technology, along with the increasing global digital economy and the public's need for reliable and secure payments, led to the invention of various digital currencies, including cryptocurrency. These currencies are based on the principles of supply and demand, with Bitcoin emerging as the leading crypto. This study aims to analyze the potential and challenges of using Bitcoin as a medium of exchange or commodity in Indonesia. Employing a qualitative approach, the study extensively explores library research methods, gathering data from various scholarly sources, including articles, books, and other relevant documents. The findings reveal that from an Islamic jurisprudence (fiqh) perspective, electronic money is considered a legitimate transactional instrument, similar to physical currency. Any costs incurred during the top-up process are considered as wages or fees (ujrah). If Bitcoin were to attain currency status, it would be subject to regulation under currency exchange laws (al-sarf) and categorized as usury property (al-maal al-ribawi). However, due to the absence of regulatory oversight by Indonesian financial authorities, the use of Bitcoin as a medium of exchange or a commodity does not carry legal implications. This regulatory gap results in more disadvantages than advantages in its implementation.============================================================================================================ABSTRAK – Dari Fikih ke Keuangan: Mengases Status Bitcoin dalam Sistem Moneter Indonesia. Pertumbuhan teknologi informasi yang pesat diikuti perkembangan ekonomi digital global, dan kebutuhan masyarakat akan metode pembayaran yang handal dan aman, memunculkan berbagai mata uang digital, termasuk cryptocurrency. Nilai uang ini didasarkan pada prinsip permintaan (demand) dan penawaran (supply), dimana Bitcoin menjadi mata uang cripto yang paling populer. Penelitian ini bertujuan untuk menganalisis potensi dan tantangan penggunaan Bitcoin sebagai alat tukar atau sebagai komoditas di Indonesia. Dengan pendekatan kualitatif, studi ini menggunakan metode library research dengan mengumpulkan data-data dari artikel, buku, dan berbagai sumber ilmiah relevan lainnya. Temuan penelitian menunjukkan bahwa dari sudut pandang fikih, uang elektronik dianggap sebagai alat pembayaran yang sah, disamakan dengan uang fisik. Untuk biaya-biaya yang dikeluarkan selama proses pengisian ulang dianggap sebagai ujrah. Jika Bitcoin berstatus sebagai alat tukar resmi, maka pengaturannya akan berada dalam konteks al-sarf dan dikategorikan sebagai harta ribawi (al-maal al-ribawi). Akan tetapi, OJK sebagai otoritas keuangan di Indonesia telah menerbitkan aturan yang melarang lembaga keuangan menggunakan, memasarkan, dan memfasilitasi perdagangan aset kripto. Meskipun Bitcoin dapat diperdagangkan sebagai komoditas di bawah pengawasan Bappebti Kementerian Perdagangan, ia tidak diakui sebagai instrumen pembayaran di Indonesia. Oleh karena itu, penggunaannya dalam transaksi keuangan berpotensi menimbulkan lebih banyak kemudharatan dibandingkan kemaslahatan akibat ketiadaan status hukum sebagai alat tukar.
Cryptocurrency is a digital or virtual currency, which does not have a physical form like fiat money. This crypto currency can only be used through devices such as PCs, laptops, smartphones and other devices that connected to the internet. There are several advantages in a crypto system that uses blockchain system, such as transaction security, convenience, speed and can be used across countries and continents, however cryptocurrency which is currently circulating also still have weaknesses, including there is No. supervisory authority, even many countries have disagreements over the legality of this cryptocurrency. The debate about pro and contra regarding to the use of cryptocurrency becomes dynamics among the experts including the scholars who have study from Islamic point of view. This reseach aims to examine the dynamics of using cryptocurrency from ushul fiqh point of view, where the methods which used in this research are al-qur’an, al-Hadits, Qiyas and Sad-Adzariyah. Basically the use of cryptocurrency is allowed to meet cetain conditions that is by removing batil elements as in Quran surah An-Nisa verse 29, those batil elements are gharar and mayshir. Moreover, cryptocurrency must also has clear legality in a country for security in their use.
Erwin Halim, Abrar Arkananta Putra Denny, Kevin Samuel Pratama Simanjuntak, Christian Christian · 5 authors
Blockchain is considered an innovative technology across all industry sectors where digitalization is prevalent. One of the frontiers in blockchain’s use case in digital content is the Non-Fungible Tokens (NFT), a digital asset representing non-fungible assets. Since the technology is new and lacks standardization and regulation, society doubts using NFT as the new asset class. This study aims to determine people’s intention to purchase NFT. This research employs quantitative research to establish the relationship between two variables. Data was collected using a questionnaire utilizing google form to share the questionnaire while the method used is Purposive Sampling. The respondents are from the Jabodetabek Area (cities surrounding the capital of Indonesia) who have already purchased NFT, are interested in NFT, or are considering investing in NFT soon. The data was collected from 155 respondents on May 9, 2023, but only 145 fulfilled the requirements for this research. There are ten variables (Usefulness, Ease of Use, benefit, Satisfaction, Risk, Reputation, Familiarity, Trust, and NFT Purchase Intention) with eight hypotheses and one hypothesis that did not affect NFT Purchase Intention. This research found that the risk of using NFTs did not affect to why NFTs market are in decline despite the risk of using NFTs in general.
Ari Okta Viyani, Wahyu Adi Mudiparwanto, Syah Ammar Brawijaya Siraj
Non-fungible token (NFT) is a new type of blockchain-based token that is unique and cannot be divided. The existence of NFT technology provides benefits for the realization of a digital economy in the future. However, not much research has been done on this technology. Apart from that, the adoption and level of legitimacy of NFT technology for economic actors in Indonesia is also still very limited. Therefore, the role of adoption and legitimacy for economic actors in Indonesia needs to be increased, considering the many benefits of this technology for the realization of a digital economy in the future. To be able to increase the level of adoption and legitimacy for economic actors in Indonesia, the first thing that needs to be done is to know the basic reasons someone wants to accept (legitimize) and then use (adopt) the technology. If the basic reasons are known, the government can implement policies that are able to encourage higher technology adoption. This research uses the ZMET (Zaltman Metaphor Elicitation Technique) technique. This method is able to reveal a person's subconscious thoughts, which are sometimes hidden during interviews.
Ferdinand Nainggolan, Lady Lady, Ervinasari Harianja
Investasi pada Bitcoin di Indonesia meningkat setiap tahunnya, hal ini dikarekan para investor yang melihat peluang keuntungan yang baik dan mengerti pentingnya untuk melakukan investasi. Hal ini juga didasari, bahwa bitcoin sebagai wadah investasi yang dianggap mudah untuk digunakan menjadi pilihan para investor. Penelitian ini dilakukan guna mengetahui faktor apakah yang menjadi pendorong dalam melakukan repurchase intention terhadap bitcoin. Metodologi penelitian ini adalah dengan penyebaran kuesioner melalui form online terhadap 172 investor bitcoin yang melakukan pembelian bitcoin secara berkelajutan. Pada penelitian ini menemukan bahwa perceived of enjoyment, expectation dan perceived ease of use dalam penggunaan berpengaruh signifikan terhadap repurchase intention bitcoin, sedangkan satisfaction dalam penggunaan tidak memiliki pengaruh terhadap repurchase intention bitcoin.
Muhammad Wildan Habibi, Luthfiah Nurul Izza, Rahma Thalita
Uang sebagai alat tukar didalam kegiatan ekonomi telah mengalami banyak perubahan. Keberadaan uang yang semula terbuat dari hal-hal sederhana telah sampai kepada saat ini dimana uang hanya berupa kode digital didalam dunia virtual. Bitcoin sebagai cryptocurrency merupakan jenis uang revolusioner yang mempunyai nilai tukar yang tinggi. Keberadaan cryptocurrency sampai saat ini masih diperdebatkan penggunaannya di dunia baik dari segi kebijakan ekonomi keuangan ataupun segi syariat Islam. Metode penelitian yang digunakan dalam penelitian ini adalah metode studi kepustakaan (Library Research), dengan menggunakan pendekatan hukum normatif dengan mengkaji dokumen-dokumen yang ada dengan cara deskriptif kualitatif. Data dikelola menggunakan teknik pengumpulan data bahan sekunder dan bahan tersier. Hasil dari penelitian ini menjelaskan bahwa cryptocurrency adalah mata uang digital yang terlepas dari otoritas pemerintah pusat. Fungsi cryptocurrency dapat berjalan dengan ditopang oleh sistem ledger Blockchain yang berbasis peer to peer oleh para miners yang mampu menyelesaikan masalah besar dalam keuangan digital yaitu double spending problem dan byzantine general problem. cryptocurrency yang memiliki proteksi serta privasi yang tinggi, mengakibatkannya banyak disalahgunakan untuk kegiatan ilegal. Indonesia demi menjaga kedaulatan Pancasila melarang penggunaan cryptocurrency sebagai alat tukar, tetapi mengakuinya sebagai aset kripto yang dapat diperjualbelikan sebagai komoditi. Penelitian ini bertujuan untuk menjelaskan hukum transaksi pembayaran cryptocurrency dalam prespektif Majelis Ulama Indonesia dan Nahdlatul Ulama, menjelaskan Dasar Hukum Transaksi Pembayaran Melalui Cryptocurrency, cara transaksi pembayaran melalui cryptocurrency, cryptocurrency dalam perspektif hukum islam, menjelaskan jual beli mata uang kriptografi sebagai komoditi aset digital dan perbedaannya dengan jual beli komoditi syariah di Indonesia, menjelaskan pandangan fiqh mengenai jual beli mata uang kriptografi sebagai komoditi aset digital. Penelitian ini dilakukan dengan kerangka berpikir bahwa sebagai bentuk pengamalan teori seorang muslim, harus melaksanakan hukum Islam sebagai konsekuensi logis dari pengakuannya. Pemahaman yang jelas tentang kehalalan penggunaan cryptocurrency baik sebagai mata uang, maupun sebagai komoditi sangat dibutuhkan sebagai penunjuk arah bagi seorang muslim. Aset kripto ditemukan mempunyai karakteristik layaknya komoditi nyata pada umumnya sehingga boleh diperjualbelikan untuk investasi selama menjauhi kegiatan spekulatif tidak mengandung gharar, dharar dan tidak bertentangan dengan Undang-Undang nomor 7 tahun 2011 dan Peraturan Bank Indonesia nomor 17 tahun 2015. serta memenuhi kaidah-kaidah syara yang dalam hal ini ditentukan oleh Majelis Ulama Indonesia dan Nahdlatul Ulama.
 Kata kunci: Cryptocurrency, Majelis Ulama Indonesia, Nahdhatul Ulama, pembayaran.
ABSTRAKPenelitian ini bertujuan untuk menentukan pengaruh pergerakan harga global komoditassektor energi, terutama Harga Minyak Mentah dan Harga Gas Alam terhadap pergerakan hargabitcoin. Penelitian ini lebih fokus pada Criptocurrency Bitcoin. Metode pengambilan data yangdigunakan dalam penelitian ini adalah metode kuantitatif dengan teknik purposive sampling, danpengumpulan data dilakukan dengan menggunakan data sekunder secara periode mulai dari Juni2019 sampai dengan Juli 2022. Teknik analisis data yang digunakan oleh penulis adalah AnalisisRegresi Linier Berganda. Hasil dari penelitian ini menunjukkan bahwa harga global komoditassektor energi, terutama Minyak Mentah dan Gas Alami, memiliki pengaruh positif terhadappergerakan harga Bitcoin.Kata kunci : Cryptocurrency, Bitcoin, Minyak Mentah, Gas AlamABSTRACTThe aim of this study is to determine the influence of global energy sector commodity pricemovements, especially Crude Oil and Natural Gas Prices, on the movement of Cryptocurrencyprices. This study focuses primarily on the Cryptocurrency Bitcoin. The data collection method inthis research is quantitative with purposive sampling technique. The researchers use secondarydata from June 2019 to July 2022 weekly. The sample size for this study consists of 165 samples.Secondary data sources are obtained through the finance.yahoo.com website. Technique analysisanalysis in this research is Multiple Linear Regression. The results of this study show that globalenergy sector commodity prices, especially Crude Oil and Natural Gas, have a positive influenceon the movement of Bitcoin prices.Keyword : Cryptocurrency, Bitcoin, Crude Oil, Natural Gas
Investasi merupakan salah satu cara untuk mengalokasikan dana ke dalam bentuk investasi yang menguntungkan dengan memiliki dimensi waktu jangka panjang. Namun, keputusan investasi yang diambil harus dipertimbangkan dengan baik karena memiliki konsekuensi berjangka panjang pula. penelitian ini untuk menguji pengaruh herding dan overconfidence terhadap keputusan investasi cryptocurrency di PurwakartaPenelitian ini merupakan penelitian kuantitatif dengan melakukan survei terhadap investor cryptocurrency menggunakan kuesioner, sampling penelitian menggunakan aksidental terhadap investor di Purwakarta, responden yang di dapatkan berjumlah 53. Data dianalisis secara statistik untuk memahami pengaruhnya dengan analisis regresi berganda.Hasilnya ditemukan bahwa herding bias memiliki pengaruh positif yang signifikan terhadap keputusan investasi, sementara overconfidence bias juga mempengaruhi keputusan investasi meskipun dengan pengaruh yang lebih rendahInvestor perlu meningkatkan pemahaman tentang cryptocurrency, melakukan analisis yang cermat, dan mengurangi pengaruh perilaku herding dan overconfidence bias untuk membuat keputusan investasi yang lebih rasional.
Cryptocurrency is one of the recent innovation and technological instrument that begins with the invention of Bitcoin in 2009. The Unified Theory of Technology Acceptance or UTAUT framework for short, is one of the model available to use regarding technological acceptance by mankind. The UTAUT framework is used to describe what might push somebody to accept and use new technologies based on available varia bles given by default by the framework. Using UTAUT’s model, we can design questions on a questionnaire based directly on those available variables. This research is done with the goal of knowing what actually motivate the citizen of Medan to accept and use cryptocurrency in their lives. Using 87 data collected from questionnaire, with 30 used as sample for data testing and the remaining 57 for data training on SPSS Statistics 25, an application developed by IBM Corp. (International Business Corporation), we will find out about validity, reliability, normality, and linear regression. The results obtained of those data are valid and reliable, with the variable of Y being affected by the variable of X1 and X4, while X2 and X3 do not, and 14.9% of those variabl e variations affect Y, while 85.1% were external variables not included in this research.
There has been a huge growth in the value of bitcoin in Indonesia, especially during late 2017. Many people are interested and aware of this phenomenon related to Bitcoin that operates only as a digital system and has no physical existence. This research will further discuss Bitcoin as an investment agreement object. This research uses a normative legal research method with a conceptual approach that refers to the law. This research aims to determine and analyze the comparison of the validity of investment agreements that use Bitcoin as an investment object in several countries. In addition, to find out and analyze the legal protection of the parties who make Bitcoin buying and selling transactions using the Indodax website facility under Indonesian law. The results of this research indicate that there are differences of legal basis to regulate Bitcoin transaction agreements between El Salvador and Indonesia. In El Salvador, the Bitcoin Law is set as the legal basis for regulating Bitcoin transaction agreements. Whereas in Indonesia, the legal basis for regulating Bitcoin transaction agreements is the Commodity Futures Trading Supervisory Agency Regulation No. 5/2019 concerning Technical Provisions for the Implementation of the Crypto Asset Physical Market on the Futures Exchange.
Blockchain is an inspiring new technology that requires a lot of attention from various researchers and companies. This technology offers various benefits, where the newest derivative of this technology is Non-Fungible Tokens (NFT). In NFT, various digital assets such as images, videos, music or virtual creations are traded. The relatively new NFT creates a lack of user knowledge to be able to utilize this technology as a digital asset for trading. On the one hand, users welcome the use of NFTs as a tool to gain financial gain, but on the other hand, there are users who doubt the long-term success of NFTs as a form of investment and see them as a temporary trend that may be detrimental in the event of a market crash. The purpose of this research is to explore various factors that can impact the attitudes of NFT users. The research used a quantitative method which was carried out at the Indonesian NFT Community, involving 377 respondents as a sample. Questionnaires were distributed online using the Google form on the Telegram platform. The data analysis used in this research is by using Structural Equation Modeling (SEM). The results of the study show that there are five factors that significantly influence the attitude of NFT users. Perceived ease of use, perceived usefulness, perceived trust, and personal innovativeness have a positive and significant effect on user attitudes, while perceived risk has a negative effect and is one of the factors that has the most impact on user attitudes than other factors, followed by perceived trust in the second position as the most dominant variable. So like any new technology, NFTs have risks and trust issues that most users consider.
Blockchain technology has become one of the most promising technological innovations in recent years. The main advantages of blockchain technology are high transparency, security, and data integrity. Therefore, this technology has attracted attention in various sectors, including the economy. This research aims to examine the role of blockchain technology in enhancing economic transparency and public trust. This study is a literature review that adopts a qualitative method, which means it will analyse and interpret data by utilising information and texts derived from various sources. The results of the study show that blockchain technology has proven itself to be a highly effective tool for achieving this goal. In an increasingly connected and data-dependent society, economic transparency and public trust are key factors in sustainable economic growth and social stability.
Penelitian ini bertujuan untuk menganalisis perbandingan kinerja instrumen investasi Cryptocurrency Bitcoin, Reksa Dana Saham Sucorinvest Equity Fund, dan Emas Antam yang dapat menjadi pertimbangan bagi investor dalam pengambilan keputusan investasi. Populasi dan sampel dalam penelitian ini yaitu harga penutupan bulanan Cryptocurrency Bitcoin dan Emas Antam, serta NAB bulanan Reksa Dana Saham Sucorinvest Equity Fund dengan teknik pengambilan sampel jenuh pada tahun 2020-2022, yaitu sebanyak 108 data. Penelitian ini menggunakan data sekunder. Data terlebih dahulu diolah dengan bantuan Microsoft Excel, kemudian diuji dengan uji statistik nonparametrik Kruskal Wallis menggunakan SPSS 29.0 for windows. Hasil penelitian ini menunjukkan bahwa terdapat perbedaan kinerja yang signifikan antara Cryptocurrency Bitcoin, Reksa Dana Saham Sucorinvest Equity Fund, dan Emas Antam diukur dengan metode Sharpe Ratio dan Jensen Ratio. Sementara, hasil pengukuran dengan metode Treynor Ratio menunjukkan tidak terdapat perbedaan kinerja yang signifikan antara Cryptocurrency Bitcoin, Reksa Dana Saham Sucorinvest Equity Fund, dan Emas Antam.
This exploration aims to dissect the influence of herding behavior and overconfidence-bias on investment decisions by millennial generation Cryptocurrency investors in Malang City. This type of research is explanatory research with a quantitative approach. This research aims to test and explain the influence of the direct relationship between the variables herding behavior and overconfidence-bias on investment decisions by cryptocurrency investors through hypothesis testing. This research has a sample size of 99 Millennial Generation Cryptocurrency investors in Malang City which was obtained through distributing a Google Form questionnaire using a purposive sampling technique. This research uses the F-test with the SPSS 23 application. The results of this research show that the herding behavior variable has a significant effect on investment decisions. However, this is different, the overconfidence_bias variable does not have a significant effect on investment decisions by millennial generation Cryptocurrency investors in the city of Malang.
Lanskap keuangan sedang mengalami perubahan paradigma dengan munculnya aset digital, terutama mata uang kripto, yang telah menangkap imajinasi para investor di seluruh dunia. Di antara para investor ini, individu-individu muda terlihat menonjol karena partisipasi mereka yang semakin meningkat di pasar aset digital. Di Kota Bandung, Indonesia, populasi anak muda yang melek teknologi berada di garis depan tren transformatif ini. Penelitian ini berjudul bertujuan untuk mempelajari lebih dalam tentang dinamika investasi cryptocurrency di kalangan anak muda Bandung. Dengan menyelidiki perilaku, persepsi risiko, strategi investasi, motivasi, dan pengaruh demografis mereka, penelitian ini memberikan kontribusi wawasan yang berharga untuk bidang investasi aset digital yang terus berkembang. Berada dalam konteks yang lebih luas dari pasar keuangan yang terus berubah, penelitian ini berusaha untuk memberikan informasi kepada para pembuat kebijakan, lembaga keuangan, dan investor muda itu sendiri ketika mereka menavigasi seluk-beluk lanskap aset digital.
<p align='justify'> This research aims to analyze Cryptocurrency Fundamentals Against Price Fluctuations (Case Study of Cardano Coin Cryptocurrency for the period 2022 to 2023). This research will analyze the relationship between fundamental factors which include variables such as market capitalization and trading volume with Cardano Coin price fluctuations. This research was conducted at the explanatory level, which aims to explain the causal relationship between the variables involved through hypothesis testing. The method used in this research involves data processing using the SPSS version 26 program. The research results show that the two independent variables, namely Average Trading Volume (X1) and Average Market Capitulation (X2), have a significant influence on Average Price -average (Y) on Cardano cryptocurrency. The high calculated t coefficient values for Average Trading Volume (X1) and Average Market Capulation (X2) indicate that they have a strong influence on Cardano price fluctuations. Average Trading Volume (X1) has a significant positive relationship with Average Price (Y). Average Market Capulation (X2) has a significant negative relationship with Average Price (Y). </p>
 <p><strong>Keywords : </strong>Cryptocurrency, Market Capitalization, Trading Volume, Price Fluctuation, Cardano Coin.</p>