Potential Analysis of Bitcoin Cryptocurrency as a Future Investment Asset: A Systematic Literature Review

Despite this promising potential, it is important to remember that investing in Bitcoin also involves risk. The price of Bitcoin is very volatile, and its value can change dramatically in a short amount of time. In addition, regulations regarding cryptocurrencies are still unclear in many countries, and regulatory changes could affect the price and adoption of Bitcoin. Security is also an important factor, as Bitcoin can be vulnerable to cyberattacks and theft. This study aimed to conduct studies related to the potential of bitcoin cryptocurrency as an asset for future investment as well as the potential risks that exist in this asset. Literature search efforts are carried out by searching on search engines using certain keywords. Articles that match the inclusion criteria are reviewed in depth. Bitcoin's potential as a future investment alternative is highly dependent on factors such as value growth, institutional adoption, and developments in blockchain technology. Nonetheless, it is important to be aware of the risks associated with investing in cryptocurrencies and to carry out in-depth research and consulting before making any investment decisions.


Introduction
In recent years, Bitcoin cryptocurrency has been in the spotlight of the investment world as a promising alternative for the future (Bianchi et al., 2020). Bitcoin, which was developed in 2009 by an individual or group under the pseudonym Satoshi Nakamoto, has attracted the attention of many with its tremendous value growth potential (Fukami et al., 2021). As the first digital currency to use blockchain technology, Bitcoin has several factors that make it stand out as an attractive investment (Bohte et al., 2019). One of the key factors affecting Bitcoin's potential is the growth in value that has been observed over the last decade (Gaman et al., 1980). Despite experiencing high price fluctuations, Bitcoin has recorded significant gains. Constantly increasing demand from investors, institutional adoption by large companies, and increasing public awareness about blockchain technology have contributed to strengthening its value (Acharya et al., 2014).
The blockchain technology on which Bitcoin is based also provides strong traction (Ghalanos, 2019).
Blockchain is a decentralized technology that records transactions securely and transparently. This unlocks the potential for using blockchain in a variety of sectors, including finance, logistics, and elections, which could drive further adoption and increase Bitcoin's value as an investment (Kelly, 2014;Kim, 2021). Institutional adoption has also been an important catalyst in driving Bitcoin's potential as a

A B S T R A C T
Despite this promising potential, it is important to remember that investing in Bitcoin also involves risk. The price of Bitcoin is very volatile, and its value can change dramatically in a short amount of time. In addition, regulations regarding cryptocurrencies are still unclear in many countries, and regulatory changes could affect the price and adoption of Bitcoin. Security is also an important factor, as Bitcoin can be vulnerable to cyberattacks and theft. This study aimed to conduct studies related to the potential of bitcoin cryptocurrency as an asset for future investment as well as the potential risks that exist in this asset. Literature search efforts are carried out by searching on search engines using certain keywords. Articles that match the inclusion criteria are reviewed in depth. Bitcoin's potential as a future investment alternative is highly dependent on factors such as value growth, institutional adoption, and developments in blockchain technology. Nonetheless, it is important to be aware of the risks associated with investing in cryptocurrencies and to carry out in-depth research and consulting before making any investment decisions.

Open Access Indonesia Journal of Social Sciences
future investment alternative. Many well-known companies, such as Tesla and Square, have announced large investments in Bitcoin (Klein et al., 2019). This move gives legitimacy and trusts to Bitcoin as a widely recognized asset. This kind of growth in institutional adoption can also provide market stability and attract further interest from investors (Andersen et al., 1988;Amadeo et al., 2020).
Despite its promising potential, it is important to remember that investing in Bitcoin also involves risks for future investment as well as the potential risks that exist in this asset.

Methods
The literature search process was carried out on various databases (PubMed, Web of Sciences, and Google Scholar) regarding the analysis cryptocurrency of bitcoin as an investment asset in the future. The search was performed using the terms: (1) " cryptocurrency bitcoin " OR " bitcoin " OR" bitcoin for investments" OR" cryptocurrency bitcoin as an investment in future " AND (2) " cryptocurrency " OR "

Value growth potential
The growth potential of Bitcoin's value has been one of the factors that attract many investors (Alotaibi, 2021). Since its launch in 2009, Bitcoin has seen a tremendous rise in value. Bitcoin has a maximum supply limit of 21 million coins. This means that no more Bitcoins will be created after reaching that amount. This concept of limited supply creates a high perception of value and increases the demand for Bitcoin over time (Bauwens et al., 2006;Borradaile, 2021). Bitcoin has attracted the interest and attention of various groups, including individual investors, financial institutions, and technology companies (Bouri et al., 2017). This ever-increasing demand from market participants can drive up the value of Bitcoin due to a limited supply that must meet growing demand (Bouri et al., 2020). Some investors view Bitcoin as a "safe haven" asset or haven from economic and geopolitical instability (Knafo, 2006;Kufeoglu et al., 2019). In situations of high uncertainty or inflation, some people turn to Bitcoin as a potential hedging tool (Boyapati, 2018). This perception can increase the demand for and value of Bitcoin (Breedlove, 2019). Bitcoin awareness and acceptance are expanding worldwide. More people understand blockchain technology and Bitcoin's potential as a digital currency. More and more companies and businesses are starting to accept Bitcoin as a payment method, which has contributed to the growth in the value of Bitcoin (Brownlees et al., 2011;Catania et al., 2019).

Bitcoin is built on innovative blockchain technology
Blockchain is a decentralized system that records and verifies transactions in an open and transparent manner (Cermak, 2017 (Clegg, 2014;Connors et al., 2017). The uniqueness of the blockchain is its decentralized and distributed nature.
The information in the blockchain is stored across a peer-to-peer network of computers called "nodes." Each node owns a complete copy of the blockchain and participates in the transaction verification process.
In the context of Bitcoin, the blockchain acts as a ledger that records every Bitcoin transaction that

Market scarcity
The Bitcoin market has a significant market cap.
Bitcoin market cap refers to the total value of all Bitcoins circulating in the market at any given time.  (Frino, 2011).

Some risks of Bitcoin cryptocurrency investment
The price of Bitcoin is very volatile and can change significantly in a short period of time. This means investors must be prepared for large fluctuations in value and consider potential losses (Fukami et al., 2021

Conclusion
Bitcoin's potential as a future investment alternative is highly dependent on factors such as value growth, institutional adoption, and developments in blockchain technology. Nonetheless, it is important to be aware of the risks associated with investing in cryptocurrencies and to carry out in-depth research and consulting before making any investment decisions.