Explode! RI Crypto Investors Reach 4.2 Million, Beating Stocks

Photo: after printing a record, now the price of Bitcoin Cs is in freefall, this is the reason
Jakarta, CNBC Indonesia -In fact, there are concerns that there has been a massive shift in stock exchange investors to digital assets.
The Commodity Futures Trading Supervisory Agency (Bappebti) said crypto assets are indeed a relatively new investment tool and are expected to continue to increase in the next few years.

"Crypto assets are a new investment tool," said Head of Bappebti Sidharta Utama in the CNBC Indonesia Investime program, quoted on Tuesday (20/4/2021).
Based on Bappebti data, the number of crypto asset investors as of the end of February reached 4.2 million people. This figure is still below the number of investors in the capital market, which reached 4.5 million.

"That has not been added to the bond market and others. If added, it is still bigger," he said.

The number of crypto investors outperforms the number of stock investors. As of February, based on data from the Indonesia Stock Exchange (IDX), the number of Single Investor Identification (SID) shares reached 2 million accounts or to be precise 2,001,288 accounts. This figure is up 18.05% or 306,020 SID from the end of 2020 of 1.69 million accounts or to be precise 1,695,268 accounts.

Sidharta added that the stock exchange authority's concern regarding the rise of retail investors shifting from investing in the capital market to crypto is not entirely correct. The reason is, crypto is currently an alternative investment tool.

"I don't think the concern really happened," he explained.

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