JAKARTA The crypto industry is again lively following a recent report from HashKey Group, Hong Kong's leading digital asset company, which predicts the price of Bitcoin could exceed 300,000 US dollars or equivalent to IDR 4.8 billion by 2025.
This optimistic prediction comes amid a surge in Bitcoin prices which had touched an all-time high of 108,267 US dollars (approximately IDR 1.75 billion) a few weeks ago.
HashKey Group's report is based on a survey of around 50,000 members of the crypto community. In the survey, Bitcoin was dubbed a digital gold,' a nickname that emphasizes its position as an inflation-resistant and decentralized asset, making BTC an attractive investment alternative to institutional investors.
The interest of this institutional investor is increasingly evident from Wall Street's increasingly intensive investment in crypto assets through Exchange Trade Fund (ETF) instruments and portfolio diversification.
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HashKey Group CEO, Dr. Xiao Feng, expressed his confidence in the potential growth of the crypto market. He estimates that the global crypto asset market capitalization could reach 10 trillion US dollars (around Rp162 quadrillion) by the end of this year, a significant jump from the current value which is in the range of 3.64 trillion US dollars (around Rp59 quadrillion).
Several main factors encourage increased interest in Bitcoin, including inflation, geopolitical instability, and the devaluation of fiat currencies. The combination of these factors makes Bitcoin an investment option that is increasingly being looked at by individual and institutional investors.
In addition to Bitcoin, HashKey Group predicts that crypto asset number two, Ethereum, is predicted to experience positive growth. The value of Ethereum is estimated to reach 8,000 dollars (around Rp129.6 million) by the end of 2025. The growth of these two major crypto assets marks a market boom that opens up attractive investment opportunities for investors.
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