Diksia.com - JAKARTA, Didid Noordiatmoko, head of the Commodity Futures Trading Regulatory Agency (Bappebti), revealed that more than 50 percent of crypto-asset customers in Indonesia are dominated by the younger generation.
Among Millennials and Gen Z with an age range of about 18 to 30 years. This increase coincided with the increase in the number of investors in Indonesia, which reached 17.25 million in April 2023.
This number increased by 11,000 people, or around 0.64 percent, compared to the number of crypto investors in March 2023, which numbered only 17.14 million people.
Crypto transactions in Indonesia have also reportedly surged to IDR 8.97 trillion this past June.
This surge was due to multiple factors, including a surge in bitcoin prices that surged above $30.
With this increase, Bitcoin has successfully recorded its growth of 230 percent in the last 12 years, since 2011 to be precise.
Bitcoin’s growth rate is said to be 10 times faster than Wall Street’s Nasdaq 100 index this year.
This reason then prompted investors to switch to cryptocurrency assets, which have recently been recognized as the safest assets compared to the dollar, which has even declined in recent weeks due to the de-dollarization measures implemented by a number of countries.
In order to support the cryptocurrency industry to grow and develop, the Commodity Futures Trading Supervisory Agency (Bappebti) has started the launch of the RI crypto exchange as a crypto asset trading hub that can create higher liquidity for crypto assets.
CoFTRA stated that these efforts were made to minimize the increase in illegal CPB investment offerings in Indonesia.
Even as the number of crypto owners in Southeast Asia, particularly Indonesia, continues to grow and Commodity Futures Trading Supervisor (Bappebti), Didid Noordiatmoko stressed, when deciding to invest in crypto assets, the public must ensure 2L, viz legal and logical.
Legal in itself means people need to make sure they are investing in licensed legal traders.
While being logical means that people need to fully understand the mechanism of crypto asset transactions so that they understand that the amount of profit offered is reasonable.
“The government, through the Ministry of Commerce, is focused on protecting the community at the beginning of the establishment of crypto-asset trading in Indonesia. The public must ensure the 2L aspect of the investment as crypto assets are not toys,” Didid explained to the Kominfo website in a written statement.
Didid also invited all crypto asset trading stakeholders in Indonesia to work together to improve public education. “The goal is to make crypto asset trading more constructive and effective for all parties.”
Source: Tribunnews.com/Namira Yunia Lestanti
