Holding Finance Flash, Reku Shares Knowledge of Crypto Investment Strategies During Ramadan

Co-Founder of the BitcoinIndo21 and Bitcoin Indonesia Community, Dimas Surya Alfaruq, highlighted positive sentiment towards crypto assets.

He revealed that the crypto market is projected to turn green during the Bitcoin Halving in April, or coinciding with the moments leading up to Eid.

“Bitcoin Halving which reduces the rate of supply of Bitcoin in the market, allowing the price of Bitcoin to potentially rise significantly. Currently, it can be said that the crypto market is also in a bullish phase, as seen in prices which tend to be stable. Apart from that, demand for Bitcoin has also continued to increase since the existence of the Bitcoin ETF in early January 2024, as much as 10 times the current daily Bitcoin production (900 Bitcoin/day). “So when the Bitcoin Halving occurs, if demand continues to increase while supply decreases (to 450 Bitcoin/day), then there is the potential for a significant increase in the future,” explained Dimas.

Therefore, Dimas continued, investors need to prepare their trading and investment strategies so they can make good use of the market situation.

“Investors can save regularly or Dollar Cost Averaging and diversify across a number of crypto assets. “Because the Bitcoin halving also has the potential to influence the price of other crypto assets to rise,” he explained.

Historically, the Bitcoin halving in 2013 recorded a price increase of up to 93.1 times, equivalent to 164 million.

Following the Halving in 2017, the price of Bitcoin increased 30.1 times, pushing the price of Bitcoin to reach the level of IDR 300 million. Then in 2021, Bitcoin increased by 7.8 times, touching the All-Time-High (ATH) at IDR 939 million.

Apart from that, the stock market is also projected to be positive.

Hendra Wardana, CTA, CSA, CIB as Founder of the Stocknow.id Stock Community explained that shares in a number of sectors such as logistics, consumer and transportation tend to increase during Ramadan and Eid.

“With this potential, crypto investors are expected to be able to diversify their assets in the stock market. Likewise, stock investors can also consider entering crypto assets to welcome the bullishness and Bitcoin Halving. “So it can support investors to take advantage of positive momentum in a number of instruments more optimally,” said Hendra.