- Title: Excitement amongst crypto investors in Indonesia as Bitcoin nears $100,000
- Date: 22nd November 2024
- Summary: (SOUNDBITE) 35-YEAR OLD RUSSIAN TOURIST, ANNA AZOVSKAYA, SAYING: "Yeah I'm very happy to see Bitcoin growing and everything growing so, my portfolio becomes like twice bigger and I can meditate and do my things and money (keeps) growing even though I have less than one Bitcoin and possible to buy not whole Bitcoin at once but partially so I can increase my portfolio, doing nothing for now." TOURISTS CHATTING IN FRONT OF CRYPTOCURRENCY-THEMED CAFE SIGN OF CAFE (English) "Bitcoin House" CUSTOMERS INSIDE THE CAFE A CUSTOMER DRINKING (SOUNDBITE) (Bahasa Indonesia) 29-YEAR OLD BITCOIN INVESTOR, MADE DEMPOL, SAYING: "Certainly (Bitcoin) is profitable, and not just the (surging) price and Bitcoin is a technology that helps me to save money, also to counter inflation and we all know the world's economy is tough as well as our (national) currency keeps weakening, so it helps." JAKARTA, INDONESIA (NOVEMBER 22, 2024) (REUTERS) A CAR LEAVING TOKOCRYPTO OFFICE BUILDING (SOUNDBITE) (Bahasa Indonesia) CHIEF MARKETING OFFICER OF TOKOCRYPTO, WAN IQBAL, SAYING: "Tokocrypto sees (the price of Bitcoin) is moving towards $100,000, reaching $100,000 is just a matter of time based on what we see. Currently, there are only $1,000 left for Bitcoin to reach $100,000. Although we thought by the end of this year it would only get to about $80,000 or close to $90,000 the fact is that the market moved fast, more reactive and more enthusiast affected by the current situation." IQBAL SITTING VARIOUS OF IQBAL SPEAKING (SOUNDBITE) (Bahasa Indonesia) CHIEF MARKETING OFFICER OF TOKOCRYPTO, WAN IQBAL, SAYING: "This cycle would come to an end and usually by the end of the year or by the beginning of the year that tends to drop or price recalibration of the all-time high price of Bitcoin from the previous period. But this time we have an exception on this Bitcoin journey, as we start seeing an "institutional adoption" as big companies start to acquire Bitcoin and we also see the potential of countries to accept Bitcoin. Therefore, this might be a further level from what we can imagine before." FRONT DESK OF TOKOCRYPTO OFFICE NEON LAMP SIGN OF TOKO CRYPTO VARIOUS OF STAFF AT TOKOCRYPTO WORKING SIGN READING ON A MAN'S SHIRT (Bahasa Indonesia) "Tokocrypto"
- Embargoed: 6th December 2024 15:49
- Keywords: Indonesia bitcoin cryptocurrency exchange fintech
- Location: BALI, JAKARTA, INDONESIA
- City: BALI, JAKARTA, INDONESIA
- Country: Indonesia
- Topics: Asia / Pacific,Economic Events
- Reuters ID: LVA003169222112024RP1
- Aspect Ratio: 16:9
- Story Text: There was a wave of excitement amongst cryptocurrency investors in Indonesia on Friday (November 22) as the price of Bitcoin neared the $100,000 mark.
Tourists were seen gathered in front of cryptocurrency-themed cafes and workspaces, with one woman saying her portfolio had doubled in value.
Wan Iqbal, Chief Marketing Officer of Indonesian cryptocurrency exchange Tokocrypto said that a price recalibration usually occurs after highs, but did not expect to see one this time around as Bitcoin appears to be on the cusp of mainstream acceptance since its creation 16 years ago.
On Thursday (November 21), Bitcoin briefly touched $99,073. It has more than doubled in value this year and is up about 45% since Trump's sweeping election victory on Nov. 5, which has also seen a slew of pro-crypto lawmakers being elected to Congress.
(Production: Sultan Anshori, Yuddy Cahya Budiman) - Copyright Holder: REUTERS
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