Cryptocurrency development in Indonesia.

The level of development of cryptocurrency from year to year is considered quite significant, especially in the territory of Indonesia. The development of one type of cryptocurrency that has the biggest value today is bitcoin, not only is it happening abroad, but it is also starting to spread to the country. The growing popularity of bitcoin in the country is characterized by an increase in Indonesian people who have bitcoin and use bitcoin in their transactions, and forums are starting to appear that discuss everything about bitcoin.

Oscar Darmawan who is the founder of one exchanger in indonesia explained a condition where bitcoin experienced a significant increase in popularity in Indonesia. Not only bitcoin, but other types of cryptocurrency also experience the same increase if the coin shows a value that continues to increase sharply. In a conference held by Blackarrow Conferences, the Block Bali 2017 conference, Jorg Molt who is the CEO of Satoshi School also predicts that bitcoin will experience popularity which continues to increase until at least the next 5 years.

The development of cryptocurrency in Indonesia, which increasingly shows an increase can also be seen from the number of bitcoin users in PT Bitcoin Indonesia, which has reached approximately 290 thousand users where 50% of them are active users per day. The number of these users is also predicted to continue to increase along with the growing population and the increasing use of the internet in the community.

There is an interesting fact if you see the profile of the bitcoin users in PT Bitcoin Indonesia that the average user is not an upper middle class. Because the upper middle class in Indonesia is still considered quite conservative in accepting a new technology. This is inversely proportional to conditions outside Indonesia, where most cryptocurrency users are in fact the upper middle class with promising financial conditions.