Indonesian Crypto Market Prediction In 2024, Reku: Very Interesting

Robby as Chief Compliance Officer (CCO) Reku (photo: dock. VOI)

JAKARTA - In a Crypto Outlook 2024 event by Reku recently, the Head of the Commodity Futures Development and Development Bureau, CoFTRA, Tirta Karma Sanjaya, said that the crypto industry continues to experience significant growth.

"As of November 2023, the number of registered crypto asset customers reached 18.25 million with an average monthly growth of 437.9 thousand customers since February 2021," Tirta said, quoted Monday, December 19.

This growth shows the high enthusiasm of the public for crypto assets. However, Tirta added that this growth needs to be followed by education, especially ahead of Bitcoin Halfing which is projected to occur in 2024.

"With a good understanding, people are expected to be wiser in investing in crypto assets," he explained further.

Tirta also conveyed that the transaction value of crypto assets in Indonesia reached IDR 104.9 trillion from January to October 2023. Thus, Indonesia ranks seventh as the country with the largest number of crypto asset investors in the world.

Regarding the potential of the crypto industry in 2024, the Chief Compliance Officer (CCO) and the General Chairperson of Aspakrindo-ABI Robby said the crypto market continues to show positive performance.

"The upcoming 2024 is also projected to be more attractive to the crypto market with the existence of Haling Bitcoin. Therefore, Reku also invites the public to widen their investment diversification options to instruments that have a positive chance," concluded Robby.