The number of crypto investors in Indonesia continues to show a positive trend at the beginning of 2024. According to the data from the Commodity Futures Trading Supervisory Agency (Bappebti), there were 19.75 million crypto investors as of March 2024. The figure increased, and there was a surge in crypto transactions in Indonesia, reaching IDR 103.58 trillion, an increase of 207.5% compared to February 2024.
Responding to this condition, Robby, Chief Compliance Officer (CCO) of Reku, said that this achievement indicates the great interest and enthusiasm of the public in crypto assets which makes it an investment alternative for the Indonesian people.
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This year’s halving is unique because Bitcoin reached its highest price (All-Time-High) at IDR 1 billion even before the halving occurred. “Bitcoin’s performance illustrates Bitcoin’s suitability as a safe haven and makes Bitcoin even more attractive to the public,” explained Robby.
Intensify Education to Take Advantage of Crypto Literacy Month
The man who also serves as General Chair of Aspakrindo-ABI added that his party is optimistic about the growth of public interest in crypto assets in the future. “From a regulatory perspective, crypto assets are an industry that has been comprehensively regulated, starting from guidelines for regulating crypto asset trading, money laundering crimes (TPPU), to the Self-Regulatory Organization (SRO) which consists of exchange institutions, clearing institutions, and fund/depository institution. “This full support from the government shows its seriousness in protecting crypto asset investors in Indonesia,” continued Robby.
Apart from that, basically crypto assets are investment instruments that can be utilized by short, medium and long term investors. So, it’s not just traders who can own crypto assets. Even though it is known as a volatile asset class, each crypto asset has its own characteristics that can be optimized by each type of investor.
For example, medium to long-term investors who tend to avoid sharp fluctuations may consider stablecoins, as well as bluechip crypto assets such as Bitcoin. Meanwhile, investors who want to take advantage of the momentum and the potential for a more significant increase in value can choose potential altcoins according to the sector of interest. “Of course, every investment decision needs to be considered wisely and carefully,” continued Robby.
Coinciding with Crypto Literacy Month (BLK), Robby hopes that public understanding and adoption of the crypto market can be boosted. “During BLK this May, all stakeholders in the crypto ecosystem are working together to increase literacy. “This can certainly encourage the growth of the crypto ecosystem in a more positive direction and reach more people to become literate and invest in crypto,” he concluded.
The Indonesian version of this article can be read in Gizmologi.ID
