Want to use THR for crypto investments? This is advice from the Boss of Indodax

Liputan6.com, Jakarta – Civil Servants (PNS) and private employees have currently received the Holiday Allowance (THR). It is not impossible that some will set aside their THR to invest in crypto assets.

Indodax CEO Oscar Darmawan also agrees with this. Oscar appealed to the public not to waste the THR they get and invest the rest wisely in the crypto market.

He also said that the price of Bitcoin strengthened 5.8 percent in the last week. In the last year, the increase in Bitcoin prices has been even greater.

“Before investing, it is recommended to use the THR money for Eid purposes first. “Then, if there is any remaining THR money, instead of wasting it, it's better to invest it,” said Oscar Darmawan, quoted from Antara, Thursday (4/4/2024).

If people invest the remainder of their THR now, they have the potential to get optimal profits because the price of Bitcoin is projected to increase in price by two times or more.

This is because the United States Securities and Exchange Commission (SEC) has formalized the Bitcoin Spot ETF so that Bitcoin has legally become a globally recognized exchange trading commodity.

Bitcoin Halving

Apart from that, the Bitcoin halving day and altcoin seasons this year also had an impact on the increase in the price of Bitcoin, which as of early April has now reached 70,649 US dollars.

“It would be a shame to miss this because traders can get more optimal profits,” said Oscar.

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However, he emphasized that potential investors still have to act wisely, not rush into investing, and not panic buy.

He asked potential investors to continue to do research first and implement good money management in accordance with conservative financial principles, one of which is by using the DCA (Dollar Cost Averaging) technique.

“This is important to ensure the sustainability of traders' investment portfolios. “By using the DCA technique, it can help traders to get the best price,” said Oscar.