What Is The Fate Of The Post-US Crypto Market To Create Bitcoin Reserves?

Illustration of Bitcoin (photo: Unsplash)

JAKARTA - US President Donald Trump has just signed an Executive Order to back up Bitcoin. The news was delivered directly by the head of AI and the White House crypto, David Sacks on X.

Seeing Trump's decision to back up Bitcoin, Tokocrypto CMO, Wan Iqbal, considered that the move would have a positive impact on the price of the crypto asset and increase investor interest.

According to him, this crypto-friendly US government policy will have the potential to create positive sentiment in the global market, including Indonesia.

"Investors tend to be more confident in investing in crypto assets because of legitimacy from large state governments such as the US," Iqbal said in his statement quoted on Friday, March 7.

He added that the decision could also encourage other countries to take similar steps in adopting and regulating digital assets.

"If more countries start recognizing crypto as part of their financial strategy, then we can see a greater increase in liquidity and institutional participation in this ecosystem," he explained.

In addition, this policy is expected to have an impact on regulations in Indonesia. Iqbal hopes that the government and regulators can see the potential of crypto as strategic assets that can support the growth of the digital economy in the country.

"We need to ensure that existing regulations are able to provide legal certainty for investors, but remain flexible so that the crypto industry in Indonesia can develop healthily," concluded Iqbal.