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Crypto News - Posted on 14 January 2025 Reading time 5 minutes
DIGIVESTASI – Cryptocurrency Transaction Value in Indonesia Reaches IDR 556.63 Trillion, Bright Investment Prospects Ahead. The value of cryptocurrency transactions in Indonesia reached IDR 556.63 trillion during the January to November 2024 period. This substantial figure highlights the potential of cryptocurrency as a promising future investment instrument.
Tokocrypto's Chief Marketing Officer (CMO), Wan Iqbal, revealed that cryptocurrency is becoming increasingly popular among Indonesians as an innovative alternative investment. This growing popularity is supported by clearer regulations and the government's commitment to fostering digital economic growth. According to Iqbal, industry players remain optimistic that cryptocurrencies will become one of the main pillars driving digital financial growth in Indonesia.
"We see this significant growth as evidence of public trust in cryptocurrency as an investment and trading option. However, literacy and education remain key elements to ensuring the sustainability of this ecosystem," Iqbal stated in his remarks on Sunday, January 5, 2025.
In November 2024, transactions on the Tokocrypto platform experienced a significant surge, exceeding USD 1.3 billion—a 134 percent month-on-month increase. Iqbal explained that this growth was driven by a 37.4 percent monthly increase in Bitcoin prices following Donald Trump's victory in the U.S. presidential election.
"This phenomenon triggered FOMO (Fear of Missing Out) among investors, leading many to shift their funds to the cryptocurrency market. Besides Bitcoin, diversification into other crypto assets also rose as investors sought to maximize profits amid a bullish market. Global market sentiment has proven to have a major influence on investment activities on the Tokocrypto platform," he explained.
With impressive transaction growth and continuously strengthened regulatory support, the future of the cryptocurrency industry in Indonesia is seen as increasingly bright. Industry players are optimistic that transaction values will continue to grow in 2025.
"We are confident that robust regulations, collaboration with stakeholders, and responsive innovations catering to market needs will accelerate the development of the cryptocurrency ecosystem in Indonesia," Iqbal concluded.
Source: liputan6.com
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