2021 Indonesia Cryptocurrency Investor Report Part 1: The Growth in Adoption of Crypto Assets in Indonesia

  1. The Growth in Adoption of Crypto Assets in Indonesia
  2. Understanding the Technical Fluency of Indonesian Investors
  3. Broader Applications of Cryptocurrency

Key Takeaways

  • Indonesian investors are very bullish on the future of crypto assets. Their most common predictions for BTC and ETH target prices were $69,000 and $3,450 respectively
  • The imbalance in respondent gender in our data highlights an important question across the crypto community: How do we break down the barriers to investment for women?
  • News publications such as Coindesk, Cointelegraph, and Coinbase are the top tools used by traders to inform their decisions
  • The top 5 coins preferred by respondents were: BTC, ETH, DOGE, LTC, and XRP

Breakdown of Survey Respondents

  • Male, in mid to late 20's
  • Likely completed, or in the process of completing a university degree
  • Entrepreneurial

Awareness of Crypto Assets

“As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value.”

— Satoshi Nakamoto

Crypto Compared to Other Asset Classes

Sentiment on the Future of Crypto

  • 79.6% state that they will be actively trading crypto assets in the next 12 months
  • 71.1% believe that actively trading Crypto Assets is better than just buying and holding them.
  • 78.7% believe in holding on to crypto assets for the long term
  • While predictions look like they are most heavily clustered just to the left of the current price, the average of the predictions is BTC: $54,974, ETH: $2,925
  • The mode (most common predictions) are: BTC: $69,000, ETH: $3,450
Current price taken as of 15 March 2021 (BTC: $56,504, ETH: $1,788)
BTC, ETH, DOGE, LTC, XRP. Icons made by https://www.freepik.com

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TOKENOMY is a digital asset marketplace where users can discover the possibilities and access the applications of cryptocurrencies and blockchain tokens.

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