Jakarta –
Assets crypto- It is considered that it still has hope of experiencing price increases. It is believed that Bitcoin and friends could still experience an increase at the end of this year.
This prediction came from the CEO of INDODAX, Oscar Darmawan. He assesses the potential for crypto prices to increase due to the official passing of the Bipartisan Bill by the United States Senate which has also been signed by President Joe Biden. However, he also emphasized that this increase could only be temporary.
This bill was officially passed three hours before the government shutdown deadline at the end of September 2023. The bill is an effort by legislators to combat crime through crypto. So, all illegal acts of crypto misuse must not use DeFi platforms to protect national security.
This is good news for the crypto market because it can influence the progress of the crypto bill which is currently awaiting a vote. This may also influence future cryptocurrency regulations.
“According to data from Coinmarketcap, since the passing of the bill, global crypto market capitalization has soared and strengthened by 2.89% to US$ 1.11 trillion in a 24-hour period,” said Oscar in his statement, Sunday (8/10/2023).
However, if we look at historical analysis, the crypto market does have the potential to strengthen in the fourth quarter. This can be seen in the fourth quarter of 2013 to 2022, the crypto market experienced an increase with an average of 22.35% in September and 50.61% in October. “Moments like this can be exploited by investors or traders in Indonesia to gain more profits,” said Oscar.
Oscar also reminded us of the importance of conducting research regarding this increase. Will this increase be long term or short term? Investors or traders can also do research on this matter on the educational platform provided by INDODAX, namely INDODAX Academy.
“Not only doing research, it is hoped that investors/traders can carry out good trading so that they can still make a profit in all conditions,” said Oscar.
From the government side, a safe Indonesian crypto ecosystem is currently being created, so that people can make transactions without worry.
“Indonesia is the first country in the world to have a complete trading ecosystem. Currently there are Crypto Asset Exchanges, Clearing Institutions and Crypto Asset Storage Managers in Indonesia. These institutions can guarantee legal certainty and protect the public in crypto transactions,” said Oscar.
INDODAX, as the first crypto investment platform and crypto exchange in Indonesia, is also officially registered as a member of the crypto asset exchange. So it can help to provide the best service and protection for consumers.
(that/kil)
2023-10-08 14:15:17
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