Ni Luh Putu Amara Prabasari

119211078

Accounting IC

Capital Market and Banking

How Is Your Point of View on The Development of BITCOIN so far?

Bitcoin is a digital currency (cryptocurrency) created in 2009 after the real estate and
property markets crashed. Bitcoin does not have a physical form, but rather a balance that is
stored in a ledger and can be accessed by the public.

In my opinion, the development of Bitcoin itself will continue to increase over time
because it is getting here Investments in crypto assets or cryptocurrencies are now increasingly in
demand along with the increasing trend of price movements. One of them happened to Bitcoin,
the most popular type of crypto today.

Bitcoin investment is increasing in Indonesia, along with a faster spread of crypto assets
in developing countries than in developed countries, according to the Indonesian Blockchain
Association (ABI). There is also an increase in institutional investors. The increase in bitcoin
transactions occurred due to a global trend where almost the whole world was hype about
Bitcoin investing.

Although the price has decreased in recent years due to government regulations and legal
protection, the positive side at this time in Indonesia is that Bitcoin has been designated as a
commodity and its ownership is protected by law. Matters regarding Bitcoin and crypto assets
have been regulated by the Ministry of Trade and the Futures and Commodity Exchange Trading
Supervisory Agency.

Therefore, I can conclude that if the demand continues to increase, it is likely that the
Bitcoin price will increase as well, even though the current bitcoin price is already high. This
matters everywhere. However, the increase may not occur directly.