Investment decisions: Comparative analysis of the performance of cryptocurrencies Bitcoin, Gold and Stocks

The purpose of the study is to compare performance between bitcoin Cryptocurrency, S&P500 stocks and Gold which can be a consideration for investors in determining investment decisions. . This research quantitative using comparative methods. population sample used this are monthly closing prices three instruments that subject with saturated sampling period 01 January 2019 – 31 December 2022 as many 144 data. In study, type data secondary form historical instruments. Then researchers non-parametric statistical test, Kruskal-Wallis’s test. results show there no significant difference Treynor Jensen’s returns from Bitcoin, S&P500. While risk Sharpe Ratio difference. best instrument 2019-2022 because when viewed average return able have highest percentage compared other an asset often considered refuge situations economic uncertainty. Meanwhile, experienced huge price decline, was caused by COVID-19 pandemic.