Young investors, mostly under 30, are leading the crypto adoption charge in Indonesia.
The Asian country has seen a huge uptick in crypto activities, and a recent study shows that the younger generation of investors is largely behind this.
Young Investors Dominate Indonesia’s Crypto Market
The Commodity Futures Trading Regulatory Agency (Bappebti) report shows that over 60% of Indonesian crypto investors are under 30. Interestingly, nearly 27% were between the ages of 18 and 24. Furthermore, 35% were within the 25-30 age bracket. This mirrors a global trend of younger generations diving into digital assets.
Crypto trading volume in Indonesia reached 33.7 trillion rupiah (about $2.1 billion) in September, with over 21 million active users in the country. The most popular cryptocurrencies among Indonesian traders include Tether’s USDT, Ether, Solana, Bitcoin, and the meme-inspired Pepe. Despite some challenges, digital assets continue to attract high levels of interest.
Crypto Evolution in Indonesia 🇮🇩
From early adoption to a thriving ecosystem! 📈 With local exchanges, growing investors, and new regulations by 2025, Indonesia’s crypto future looks strong!
Read more about Crypto Indonesia : https://t.co/orsZ9Oe2vu pic.twitter.com/eH6CMmdlyq
— Indonesia Crypto Network (@idcryptonetwork) October 29, 2024
However, crypto trading in Indonesia is subject to a dual tax system , imposing both a 0.11% value-added tax and a 0.1% capital gains tax on transactions. Bappebti officials have asked the government to consider revising these tax policies to ease the path for crypto’s growth in the economy. Officials at Bappebti believe digital assets could soon be a key part of Indonesia’s economy.
A New Global Trend
Globally, younger investors are also embracing crypto. A recent U.S. survey found that 20% of Gen Z and 22% of millennials are investing in cryptocurrencies. Furthermore, some international studies show that nearly half of millennials hold digital assets. This signals a global shift in finance.
📊 Young Trend Among Indonesian Crypto Investors!
According to the latest data from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti), over 60% of Indonesian crypto investors are between 18 and 30 years old:
🔹 Ages 18-24: 26.9%
🔹 Ages 25-30: 35.1%
This… pic.twitter.com/RJATUtH4xI— CoinRank (@CoinRank_io) October 29, 2024
Recent trends show that younger investors have more appetite for risky assets like crypto, which traditionally was a trait of more aggressive investors. A new report by the Bank of America Private Bank suggests that younger investors now see crypto as a huge part of their financial future.
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