CEO Of Indodax: Ratification Of Bipartisan Bill, Potential High Crypto Increase At The End Of The Year

Indodax CEO, Oscar Darmawan. (Photo: Doc. Indodsx

JAKARTA - INDODAX CEO Oscar Darmawan saw the potential for an increase in crypto by the end of the year. This is likely due to the official ratification of the Bipartisan Bill by the United States Senate which has also been signed by President Joe Biden.

However, he also emphasized that this increase could only be temporary. This bill was officially passed three hours before the deadline for closing the government (shutdown) at the end of September 2023.

The bill is an effort by legislators to fight crime through crypto. So, all illegal acts of crypto abuse should not use the DeFi platform to protect national security.

This is good news for the crypto market because it can affect the progress of the crypto bill which is currently awaiting a vote. It can also affect cryptocurrency regulations in the future.

According to data from Coinmarketcap, since the enactment of the bill, global crypto market capitalization has jumped and strengthened by 2.89 percent to 1.11 trillion US dollars in a 24-hour period, Oscar said in a statement, Sunday, October 8.

However, judging from historical analysis, the crypto market does have the potential to strengthen in the fourth quarter. This can be seen in the fourth quarter of 2013 to 2022, the crypto market has increased by an average of 22.35 percent in September and 50.61 percent in October.

"Moments like this can be used by investors or traders in Indonesia to get more profit," said Oscar.

Oscar also reminded the importance of doing research on this increase. Will this increase really be long or short times. Investors or traders can also do research on this on the educational platform provided by INDODAX, namely INDODAX Academy.

"Not only doing research, it is hoped that investors/traders can do good trading so that they remain cuan in all conditions," said Oscar.

From the government side, a safe Indonesian crypto ecosystem is currently being created, so that people can transact without worry.

Indonesia is the first country in the world to have a complete trading ecosystem. Crypto Asset Exchange, Clearing Institution, and Management of Crypto Asset Storage Places in Indonesia are currently available. These institutions can guarantee legal certainty and protect the public in crypto transactions, "said Oscar.

INDODAX, as the first crypto and crypto exchange investment platform in Indonesia, is also officially registered as a member of the crypto asset exchange. So that it can help to provide the best service and protection for consumers.