With this increase, Bitcoin has successfully recorded its 230 percent growth in the last 12 years since 2011, to be precise.
Even 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.
To boost domestic crypto transactions, CoFTRA released the exchange, clearing and custody managers for crypto assets in Indonesia last week.
The launch of Indonesia’s crypto exchange marks a progressive move and a form of government commitment in creating an environment conducive to the development of crypto asset technology.
The presence of the Indonesian crypto exchange is expected to increase interest and activity in trading crypto assets in the country. In this way, Indonesia can strengthen its position as a hub for crypto-asset trading and innovation, as well as a digital ecosystem in Southeast Asia.
Source: Tribunnews.com/Namira Yunia Lestanti
