Jakarta, Gizmologi – The popularity of crypto assets as an investment tool has gained global traction in recent years. A recent survey by Zipmex and market research firm Jakpat confirms that a similar trend is occurring in Indonesia.
Data from this survey was distributed to more than a thousand people, aged 25-40, in 33 provinces in Indonesia. According to the Jakpat survey, crypto-assets (11.69%) are now among the top five most used in the market, along with gold (25.51%), mutual funds (14.75%), time deposits (13, 57%), and property (11.64%).
Overall, 87.85% of respondents participating in the survey are investors, with 31.8% owning one instrument, while 45.85% owning multiple investment instruments. In addition, respondents who have not invested reveal a number of reasons. Among them still have bills and loans to pay off (60.35%) and prefer to have access to cash (20.26%).
Interest in investing in crypto assets
The survey shows that 62.83% or almost two-thirds of respondents are interested in investing in crypto assets in the next three months.
In terms of crypto, there are three main reasons why respondents have not invested in crypto assets. First, they think that there is still a lack of information related to crypto (45.31%), then they don’t know where to start (17.46%), lastly, it is too risky (15.53%).
For gender, the survey reports that the percentage of male crypto-asset owners (29.78%) is higher than female crypto-asset owners (16.60%). The percentage of male respondents who are interested in investing in crypto assets in the next three months is also higher (71.20%) than female respondents (54.63%).
When the data is broken down into age groups, the percentage of crypto asset ownership is in the 31-35 age group (25.74%), followed by 25-30 (23.38%), with 36-40 (17.47%) in position Lowest. Despite the low ownership percentage, 66.27% of the 36-40 age group reported interest in investing in crypto assets over the next three months, while 67% of the 31-35 age group and 59.53% of the 25-30 age group. reported a similar appetite for crypto-asset investments.
In addition, the data also states that more than 60% of respondents are interested in investing in crypto-assets and will take the opportunity to start investing in them, within the next three months. Although interest has emerged, this report also says that more than 50% of respondents admit that they also lack sufficient knowledge and insight about it.
There are still misunderstandings about crypto in Indonesia
According to Siska Lestari, Head of Growth at Zipmex Indonesia, there is still the biggest misunderstanding about crypto in Indonesia. One of them is because of its strong association with short-term value volatility and rapid changes in the crypto market that occur 24/7, unlike the Indonesian stock market.
“When viewed from this perspective, we understand that investing in crypto can be considered a very risky, scary, and intimidating activity,” said Siska.
Therefore, it wants to try to break this great mistrust by explaining more insights about crypto assets, as an investment instrument that is accountable and worthy of trust. He added, investing in crypto assets over the long term presents a completely different story. Given that crypto assets have experienced strong and steady collective growth over the past few years.
“To help illustrate the point, the global market capitalization of crypto assets has grown more than tenfold from around USD150 billion to more than USD1.7 trillion over the last few years alone,” explains Siska.
The Indonesian version of this article can be read in Gizmologi.ID