The cryptocurrency industry and market in Indonesia witnessed remarkable growth in 2021, as data from Triple A indicated that Indonesia has the seventh largest user base of cryptocurrency, after Brazil and Pakistan.
It is estimated that there are 7.2 million Indonesian citizens who own cryptocurrency, while according to the Indonesia Blockchain Association, as of July 2021, the number of cryptocurrency owners in the country is 7.4 million people, an 85% increase from 2020. This number is significantly higher than the number of equity investors in Indonesia with only 2.7 million investors, based on data from the Indonesia Stock Exchange.
The total population of Indonesia in June was 272 million people, which means that only 2.7% of the country's population owns cryptocurrency, which indicates that there is still room for To grow and develop and reach more corners of Indonesian society.
According to Coin Telegraph, the rapid growth of cryptocurrency investors in Indonesia is due in part to Indonesian regulators who have welcomed crypto and blockchain developments with open arms.
Throughout 2021, there have been many discussions with officials, new cryptocurrency regulations, and developments in the sector.
According to Della Rezkia, head of growth at local industry media company CoinFastasi, the growing number of Indonesian investors in the crypto space is also reflected in the rise of crypto media.
In 2021, CoinFastasi gained a lot of new audiences across our channels, including Instagram and YouTube where the number grew over 1787% and 1388% on YouTube, Rizka said. straight.
In 2021, the number of global cryptocurrency holders is estimated to have increased by 3.9% to more than 300 million crypto users worldwide , with over 18,000 businesses already accepting cryptocurrency as a form of payment.
India currently leads the rankings with 100 million users, followed by the United States of America with 27 million users, and Russia with 17 million users.
