Number of Crypto Investors in Indonesia Increases, Reku Boss Optimistic about Crypto Prospects in the Future

Illustration of crypto assets (Photo: Unsplash)

JAKARTA - CoFTRA reports that the number of crypto investors in Indonesia has reached 19.75 million people as of March 2024.

This increase was followed by a surge in crypto transaction volume in Indonesia reaching IDR 103.58 trillion or an increase of 207.5 percent compared to February 2024.

Responding to this condition, Reku's Chief Compliance Officer (CCO) and General Chair of Aspakrindo-ABI, Robby, said that this achievement indicated the great interest and enthusiasm of the public for crypto assets.

“Crypto assets are increasingly becoming an investment choice for Indonesian people. "Moreover, this year's halving is unique because Bitcoin managed to reach its highest price (All-Time-High) at IDR 1 billion even before that moment occurred," said Robby in a statement received Friday, May 10.

Robby admitted that he was optimistic about the growth of public interest in crypto assets in the future. Moreover, Indonesia already has its own regulations for crypto assets.

"This full support from the government shows its seriousness in protecting crypto asset investors in Indonesia," continued Robby.

Apart from that, he also said that basically, crypto assets are investment instruments that can be utilized by short, medium and long term investors.

“So, it's not just traders who can own crypto assets. "Even though it is known as a volatile asset class, each crypto asset has its own characteristics that can be optimized by each type of investor," he concluded.