DIGIVESTASI - Vice Presidential candidate number 2 Gibran Rakabumin Raka said Indonesia needs talented young people in the field of digital technology, including cryptocurrency. Meanwhile, Indonesia's cryptocurrency market is expected to boom in 2024 due to the halving of Bitcoin.  

Gibran said he would encourage the younger generation to become experts in several areas of digital technology: cryptography experts, artificial intelligence experts, blockchain experts, robotics experts, and Islamic banking experts. "We need future talents with future skills. To achieve this goal, we are accelerating our digital downstream, bringing in AI experts, blockchain experts, robotics experts.

We will train the younger generation to become experts in Islamic banking and cryptocurrencies. We will train young people to become experts in Islamic banking and cryptocurrency," he said in the press release of the vice presidential debate. August 22, 2023). Separately, Lesna Raniadi, vice president of operations for Upbit Indonesia, said the cryptocurrency industry will continue to advance as new projects grow and blockchain technology becomes more popular. . According to her, 2023 presents an interesting picture for the development of the cryptocurrency world.

"Entering 2024, the crypto industry will be affected by various factors, and the situation will likely continue to change over time. We are confident that we will show our performance," Lesna said in a statement quoted on Saturday (December 23, 2023). He further said that crypto investors remain focused on Fed interest rates and the US Securities and Exchange Commission's decision to approve the Bitcoin ETF exchange-traded fund, which is expected to materialize by the middle of next year.

According to Resna, one of the drivers of the cryptocurrency industry is the increasing adoption of aspects of blockchain technology. For example, artificial intelligence (AI) technology can quickly analyze data to help investors' trading algorithms or detect fraud. In addition, according to him, there are several important blockchain technology introductions. These are the transition from Web2 to Web3 built on blockchain technology, the rise of decentralized financial services (DeFi), and NFT technology.

Regarding the Bitcoin halving, Upbit Indonesia estimates that the halving will occur in early 2024. The supply of released coins is estimated to be 1,312,500 BTC and mining rewards will be reduced to 3,125 BTC. According to the Commodity Futures Trading Supervisory Agency (Bapebuti), the value of virtual currency transactions in Indonesia reached IDR 10.5 trillion as of October 2023. The figure increased by 31.9% (MoM/MoM) compared to September 2023. m), which amounted to IDR 7.96 trillion.

However, the number of domestic cryptocurrency transactions decreased by 19% compared to the previous year (YoY/YoY). In October 2022, the value of cryptocurrency transactions in the country is estimated to reach Rp 12.96 trillion. Regarding the number of investors, Bapebuti reported that until October 2023, the total number of cryptocurrency investors in Indonesia reached 18.06 million. This number increased by 15,000 people or 0.84% compared to September 2023 which amounted to 17.91 million people. Compared to last year, the number of crypto investors increased by around 1.66 million, or 10.1%. Previously, the number of crypto investors in October 2022 was 16.4 million.