Since December 2020, the price of Bitcoin has continued to soar significantly. Reporting from Detik Finance, it was noted that Bitcoin reached a price of around IDR 400 million in December last year, then to around IDR 500 million in January 2021.
Not stopping at half a billion rupiah, the value of Bitcoin skyrocketed after Tesla Inc bought up the electronic money amounting to Rp. 21 trillion in two days, causing a price increase of 20.9% per chip, to Rp. 600 million.
Based on data that Jaka obtained from Coinbase on February 12, 2021 at 17:11, it was observed that the value of Bitcoin was at a price of IDR 664,285,562.30.
Tesla itself is known to be the first automotive company to buy Bitcoin as an asset, while at the same time it will accept transactions using Bitcoin to increase flexibility in managing assets and making transactions.
This momentum then brought Indodax CEO, Oscar Darmawan, to a prediction that the price of the cryptocurrency will continue to increase throughout 2021, even reaching Rp. 2 billion per chip.
Not only will its value increase, he also revealed that it will increase people's confidence to buy Bitcoin.
On the other hand, Bitcoin's achievement has the potential to create a new trend where corporations and conglomerates also buy Bitcoin in the near future.
If the market demand for Bitcoin continues to increase in large numbers, the price of Bitcoin will continue to increase and can even soar to the level of billions per chip.
This is something that might happen because now people are more aware of the buzz about Bitcoin, including knowing that Bitcoin has proven to be a good inflation hedge and is a safe haven asset.
If you are interested in starting Bitcoin investment, you don't have to spend hundreds of millions of dollars because this cryptocurrency can be split up to Rp. 10 thousand only.
You also don't have to worry about the legality of Bitcoin in Indonesia, because Bitcoin has been regulated by the Ministry of Trade. In addition, Indodax as a means of cryptocurrency transactions has been registered with the Commodity Futures Exchange Trading Supervisory Agency or CoFTRA.
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