Over 60% of Indonesian Crypto Investors Are Under 30

Young investors, mostly under 30, are leading the crypto adoption charge in Indonesia.

The Asian country has seen a huge uptick in crypto activities, and a recent study shows that the younger generation of investors is largely behind this.

Young Investors Dominate Indonesia’s Crypto Market

The Commodity Futures Trading Regulatory Agency (Bappebti) report shows that over 60% of Indonesian crypto investors are under 30. Interestingly, nearly 27% were between the ages of 18 and 24. Furthermore, 35% were within the 25-30 age bracket. This mirrors a global trend of younger generations diving into digital assets.

Crypto trading volume in Indonesia reached 33.7 trillion rupiah (about $2.1 billion) in September, with over 21 million active users in the country. The most popular cryptocurrencies among Indonesian traders include Tether’s USDT, Ether, Solana, Bitcoin, and the meme-inspired Pepe. Despite some challenges, digital assets continue to attract high levels of interest.

However, crypto trading in Indonesia is subject to a dual tax system, imposing both a 0.11% value-added tax and a 0.1% capital gains tax on transactions. Bappebti officials have asked the government to consider revising these tax policies to ease the path for crypto’s growth in the economy. Officials at Bappebti believe digital assets could soon be a key part of Indonesia’s economy.

A New Global Trend

Globally, younger investors are also embracing crypto. A recent U.S. survey found that 20% of Gen Z and 22% of millennials are investing in cryptocurrencies. Furthermore, some international studies show that nearly half of millennials hold digital assets. This signals a global shift in finance.

Recent trends show that younger investors have more appetite for risky assets like crypto, which traditionally was a trait of more aggressive investors. A new report by the Bank of America Private Bank suggests that younger investors now see crypto as a huge part of their financial future.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.