TEMPO.CO, Jakarta – Indodax CEO Oscar Darmawan assesses the decline in asset prices crypto- in the last few days reaching more than 20 percent due to the new type of COVID-19 variant, namely Omicron, is a natural thing.
Due to the emergence of the variant that was first discovered on the African continent, the price Bitcoin and many other crypto assets were discounted due to a sell-off from some investors who felt panicked and anxious. Oscar is still optimistic that investing in crypto assets is a good investment option in times of crisis.
“Crypto price drops are very common in the crypto asset investment world and I hope investors, especially novice investors, don’t need to worry too much because the correction is still below 50 percent. This is something that is healthy in the crypto world when there is a correction. Because it helps build momentum for crypto to go higher after that,” he said in a written statement in Jakarta, Tuesday, December 7, 2021.
Oscar emphasized that the important thing is that investors always use “cold” money to transact in foreign markets cryptocurrency. He also believes that crypto assets are a good investment when a crisis occurs because they are not influenced by the weakening economy and government policies of a country.
With the case of the Omicron variant of COVID-19, according to him, the case of a decline in crypto prices is the same as that which occurred in 2020, when there were initial COVID-19 cases around the world. Seeing the same pattern, he argues that the sell-off is only temporary.
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