Throughout 2018, the price of Bitcoin has decreased. Even so this year, many parties predict that the digital currency will experience positive growth in Indonesia.
One of them is Luno, the global provider of platforms in the field of crypto assets. According to them there are a number of factors that make the growth of Bitcoin in the country more and more okay this year.
Through the Republic of Indonesia Minister of Trade Regulation No. 99/2018 on General Policy Crypto Asset Futures Trading Providers, Bitcoin or other cryptocurrency has been designated as crypto assets and determined as a commodity subject that can be subject to futures contracts that can be traded on futures exchanges.
Luno considered this was a positive first step from the Indonesian government to support the growth of Bitcoin and the crypto asset industry in a more positive direction. Because the ratification of this regulation can increase customer confidence in Bitcoin in Indonesia.
Support and involvement of investors and large companies
The more companies and large investors who are interested in Bitcoin, the industry will grow stronger. This has happened in several countries, namely large investment management companies have made Bitcoin as one of the alternative investment instruments in managing their clients' funds worth millions of US Dollars.
Education of crypto assets
With the increasing amount of information and knowledge about Bitcoin and other crypto assets, the level of understanding of Indonesian people towards Bitcoin will be better and can increase their interest in Bitcoin.
Understanding of the usefulness of Bitcoin Wallet or Bitcoin Wallet
Indonesian people begin to understand the use of Bitcoin Wallet; new technology that provides a new way for people to invest and send funds faster, easier and cheaper transaction costs.
We are optimistic that Bitcoin will grow more positively this year. Keep in mind that the actual price (price) and value (value) are two different things; the price that we see today is purely influenced by demand, supply and world news, while value is a useful value of Bitcoin, the more people and companies that use Bitcoin or technology that supports it, the value of Bitcoin will be higher, "explained Claristy, Country Head of Growth Luno Indonesia.
"In addition, the development of Bitcoin prices needs to be seen in a longer time span of 5 or 10 years, from that time we will see Bitcoin price growth remain in an upward trend and the price of Bitcoin is still higher compared to 5 or 10 years then, "concluded Claristy.
