Crypto Bullish, CoFTRA Reminds To Invest In Safe Platforms

Crypto illustration (Photo: dock. unsplash)

JAKARTA - The public is reminded to ensure that investment in secure and listed platforms on CoFTRA. Moreover, in the midst of the bullish trend of the crypto market. This is important to ensure that every transaction and investment carried out by the public is protected by regulation," said Head of the Commodity Development and Development Bureau CoFTRA, CoFTRA, Tirta Karma Sanjaya, quoting Antara. Bitcoin crypto assets strengthened again after briefly correcting the All-Time-High (ATH) level. Based on CoinMarketCap, currently Bitcoin is at the level of US$65,925 or equivalent to Rp1.3 billion, up by 5.37 percent in a week. Furthermore, Tirta said that his party also carried out surveillance through a comprehensive approach to the platform registered. Observations carried out ranging from utility crypto assets (crypto utility) or asset-backed crypto assets (crypto backed assets) to analytical hierarchy process (AHP) methods set by CoFebti. But if the public performs crypto transactions outside the platform registered on CoFTRA, then it is unfortunate that such protection is not obtained,' said Tirta.. By investing in platforms registered on Bappebti, Tirta added, it is hoped that bullish momentum can increase the number of investors and crypto transactions in Indonesia. According to him, the crypto market has passed bearish times. In addition, public optimism ahead of Bitcoin Halving has also increased. Tirta said, the number of crypto investors in Indonesia has reached 18.83 million people by January 2024. He is optimistic that this figure could increase in line with the positive developments in the crypto market. Meanwhile, the General Chair of the Association of Indonesian Crypto Asset Traders-Asociation Blockchain Indonesia (Aspakrindo-ABI) Robby said that the current momentum of Bitcoin is accompanied by increasing euphoria among investors, traders, and the wider community.

In addition, according to him, the potential for rising prices in the future is also still open. In other words, Bitcoin holders are currently enjoying this price increase and waiting for Bitcoin to print the latest ATH. "It is undeniable that Bitcoin's performance also invites a lot of discussion in society. Not only in Indonesia, but also on a global scale," he said. According to Robby, this moment has the potential to become a departure point for new investors to invest in crypto assets. So it can be said that crypto assets are increasingly becoming an investment diversification option, not just a complement. Apart from this, Robby also reminded the public to always remember the main principle in investing, namely understanding and literacy.