DIKSIA.COM - JAKARTA, The price of Bitcoin (BTC) has increased quite drastically from IDR 240 million to IDR 481 million in mid-2023, or up 80 percent in the first half of 2023.
Based on market cap, as of July this year, BTC is also up 50% in the first half of 2023.
Even the highest BTC price on Indodax reaches IDR 470,915,617 per 1 BTC coin.
Based on information cited by CoinMarketCap on Wednesday 05 July 2023 at 15:00 WIB, BTC is among the top 5 trending coins and remains at the top from a market cap perspective.
BTC has had a trading volume of $12,708,925,553 over the past 24 hours, with a total of 19,421,131 BTC in circulation, which is about 92% more than the maximum total BTC supply.
Oscar Darmawan, CEO of Indodax, said that since Bitcoin is one of the crypto assets with the highest market cap, crypto investors should be regular and disciplined when buying crypto assets using the Dollar Cost Averaging (DCA) installment technique.
“One of the reasons for Bitcoin's price surge was increasing investor optimism about the US Federal Reserve's monetary policy. Of course, this will further spur public interest in Bitcoin, especially lately the government should be more aggressive in encouraging Indonesia's younger generation to use crypto to boost the economy,” Oscar explained in his statement on Tuesday (11/07). 2023).
From a historical perspective, based on the Indodaz market, the price of Bitcoin is up nearly 25.5% on a monthly basis.
BTC's price is also up more than 3.7% over the past week, suggesting that the hype is actually tantamount to a price surge. He said that Bitcoin's price surge would be good news for investors. This surge has made investors optimistic about taking bigger gains given the potential for another rise ahead of the halving.
But that's not all, Oscar said, investors also need to understand fundamental and technical analysis to buy crypto assets, and investors also need to have sufficient knowledge about effective financial management.
He sees that the price of bitcoin in general still has the potential to go up as it is still far from its peak price of IDR 900 million and there are still many predictions that say it will surpass that price.
Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Diksia.com is not responsible for profits and losses arising from investment decisions.
The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. Cryptocurrency investments are subject to market risks, and readers should exercise caution and do their due diligence.