Crypto Transactions Increase, Signs Of Indonesian Investors Already Adapt

JAKARTA - Crypto asset transactions attract the attention of Indonesian investors, even their preference is higher than other assets. This is a good feed for crypto asset exchanges in Indonesia.

"We realize that investor sentiment for this asset class is very high and the technical fluency of our investors continues to increase. As the implementation of blockchain technology continues to develop," said Christian Hsieh, CEO of Tokenomy in a statement, Friday, May 28.

According to him, insights on the development of crypto asset adoption in Indonesia have started to take shape. Judging from the technical fluency of investors in Indonesia, and the wider application of crypto assets.

Every year, the number of crypto asset users continues to grow, especially in early 2018 and late 2020, where the report's data shows that investors in Indonesia take advantage of news publications, technical analysis, and telegram group discussions, to help them make investment decisions.

"Although investing in crypto assets is often compared to other asset classes such as stocks, bonds, housing, and commodities (such as gold, oil, etc.), all investors have a high preference sentiment towards crypto assets compared to other assets," he explained.

Further developments in the application of crypto assets, such as DeFi and Loans, Stablecoins, etc., he continued, show that this asset class and its technology have unlimited potential and utilization, and this is what has attracted many institutional investors as well.

Previously, Indodax CEO Oscar Darmawan stated, it can be seen from the number of members of the Indonesia Bitcoin and crypto exchanges which currently has reached 3 million active members.

"The increasing number of members is due to the Indonesian people who are currently hype Bitcoin and crypto. This phenomenon occurs all over the world and not only in Indonesia," he said.

The increase in the number of members, he continued, was due to the effect of the fantastic increase in the price of Bitcoin and crypto assets where almost all top crypto assets recorded all time high records (the highest prices in history), including Bitcoin, Ethereum, DOGE Tron, Bittorrent and others. .

"The number of members continues to increase from year to year. Even though Indonesia only contributes one percent of the volume of Bitcoin transactions from around the world. But this indicates that many Indonesians are already fond of Bitcoin and other crypto assets," he said.