Upbit Indonesia Shares Crypto Investment Strategy Amid Weakening Rupiah

COO Upbit Indonesia, Resna Raniadi. (Photo: Special)

JAKARTA - The Rupiah exchange rate against the US dollar has continued to be under pressure in recent weeks. Based on data Tuesday, April 8, Rupiah weakened to reach IDR 16,891 per US dollar, the lowest level since the pandemic crisis in 2020.

This situation not only raises public concerns about purchasing power and financial stability, but also encourages increased public interest in alternative investment instruments which are considered more resilient in the face of weakening the exchange rate.

Seeing this situation, Upbit Indonesia, one of the leading crypto asset exchange platforms in the country, shared a crypto investment strategy that the public can consider as a way to maintain asset value amid the depreciation of fiat currencies.

"When the value of the Rupiah continues to erode, people start looking for investment alternatives that are not directly affected by local monetary policy. Under conditions like this, digital assets, including stablecoins and major crypto assets, are starting to be considered as an option to maintain asset value or as portfolio diversification," said Resna Raniadi, Chief Operating Officer (COO) of Upbit Indonesia, in a statement, Wednesday, April 16.

Stablecoins generally have value pegged against fiat currencies like the US Dollar and are backed by reserves of the same value, so they tend to be more stable than other crypto assets. This makes it an alternative for investors who want to maintain purchasing power without being too affected by market volatility.

On the other hand, large, capitalized digital assets such as Bitcoin and Ethereum are often considered by long-term investors because of their decentralized characteristics and potential future growth, especially in the context of a dynamic global economy.

However, Upbit Indonesia emphasized the importance of education and prudence in investing in crypto assets.

"We invite investors, both beginners and experienced, to continue to deepen their knowledge, actively follow market developments, and always apply wise investment principles. Risk management and understanding of the assets purchased are key," added Resna.

Upbit Indonesia continues to be committed to providing a platform that is safe, transparent, and easily accessible to the public, while strengthening digital financial literacy through various educational initiatives.