Heaptalk, Jakarta — Central Bureau of Statistics 2022 (BPS) disclosed that the archipelago had encountered a Demography Bonus from 2012 to 2035, with the peak period between 2020 to 2030. This matter is indicated by the number of people of productive age reaching twice bigger than the number of people of child and elderly.
Cryptocurrency as an investment preference has attracted the rising generation’s interest in investing in this asset. According to Indonesia’s Commodity Futures Trading Supervisory Agency (CoFTRA), the Indonesian rising generation dominated the crypto asset demography in 2022, aged between 18 – 24 and 28.2% and 25 – 30 up to 28.5%. From this output, the data indicated that more than 50% of crypto asset enthusiasts possessed the rising generation under 30.
With a comprehensive ecosystem of the crypto industry in Indonesia, Acting Commodity Futures Trading Supervisory Agency, Kasan, conveyed that the sector could also protect investors and provide business certainty. On the other hand, this ecosystem is expected to accommodate literacy and education requisites of society, particularly for the young generation to face the demography bonus.
“The movement of the crypto industry is dynamic and faces a demographic bonus. With a comprehensive ecosystem for the crypto industry, the government can regulate the crypto market thoroughly,” affirmed Kasan.
As is well known, Indonesia’s CoFTRA revealed the total number of crypto investors in the archipelago reached 17.79 million as of August 2023. This output increased by 0.68%, approximately 12,000 people, compared to the former of 17.67 million people in July 2023.
Nevertheless, the volume of crypto asset trading transactions declined last year. Previously, the crypto transaction volume of this asset reached US$54.9 billion, or around Rp859.4 trillion in 2021. This output also continues to decrease by up to 63%, becoming US$19.5 billion, approximately Rp306.4 trillion last year, and is still experiencing a decline, becoming US$6.02 billion (around Rp94.4 trillion) until September 2023.
To uplift the transaction volume, the President Director of CFX Indonesia, Subani, delivered that the exchange continues to carry out outreach to increase literacy and inclusion of Indonesia’s capital market among the public.
“The role of the exchange is supervising traders and systems that interact with buyers, monitored and managed from upstream to downstream. The exchange is also an information center to educate the public about crypto.
Based on his perspective, Indonesia’s bonus demographic would significantly impact and elevate the existing crypto asset in terms of investor number and transaction volume. For this reason, his party would encourage young investors, particularly the Millennials and Gen-Z, to participate in crypto trading.
“We will continue to look for adequate solutions for young investors who want to get involved in the crypto asset market securely, transparently, and well-ordered,” Subani concluded.
