Peran Emas dan Cryptocurrency Sebagai Safe Haven Bagi Saham High Tech di Indonesia Pada Periode Sebelum dan Selama Pandemi Covid-19

Abstract

This study analyze the role of gold and cryptocurrencies as the safe haven, hedging, and diversified assets for technology stocks in Indonesia in the period before and during Covid-19. These periods were chosen to see the potential of gold and cryptocurrencies during normal markets and extreme markets due to Covid-19. This study was conducted by using a quantitative approach, based on secondary data such as closing prices for gold, cryptocurrencies, eurekahedge funds, and technology stocks. The sampling technique used in this study was purposive sampling, with OLS and QREG analysis techniques. The results in this study varied for cryptocurrencies, while for gold it was proven to be able to act as a good safe haven asset for Indonesian technology stocks.