What is Bitcoin? Bitcoin is a digital asset on the rise and is the target of global investors. Bitcoin is arguably increasingly popular. The history of Bitcoin entering Indonesia began in early 2013. While for the world, Bitcoin was present in 2008 and was discovered by the mysterious founder, Satoshi Nakamoto.
In 2008 Nakamoto published a nine-page white paper containing the first mention of bitcoin, a “peer-to-peer electronic money system,” then mention Bitcoin. Then, a few months later, Nakamoto released Bitcoin’s leading software and partnered with online developers and coders to continue to make it more and more popular as a digital currency.
In 2011 the inventor of Bitcoin disappeared without warning, emailing fellow Bitcoin developers saying they had “moved on to something else.” Until now, the value of Bitcoin continues to increase, even though cryptocurrency has experienced a surge in value from around $100 per coin to $1,000 within one month.
What is Bitcoin and How is it present in Indonesia
Bitcoin began to enter Indonesia after the Cyprus crisis. At that time, many Cypriot citizens no longer trust their own country’s currency, resulting in a surge in Bitcoin purchases. Cypriots are worried that there will be a loss of currency value, like what happened in Zimbabwe.
For this BTC-coded digital asset to be widely circulated in Indonesia, an exchanger must serve the buying and selling process. One of the pioneer exchanger companies in Indonesia is Bitcoin Indonesia. They were founded in December 2013 by Oscar Darmawan and William Sutanto. They pioneered a community of Bitcoin enthusiasts through the official website, bitcoin.co.id.
As one of the first exchange centers, Bitcoin Indonesia, which pioneered the circulation of the most popular “digital gold,” has developed into a Bitcoin exchange with up to 50,000 members. At that time, daily transactions reached up to IDR 500,000,000, which made Bitcoin Indonesia the largest Bitcoin exchange in Southeast Asia in 2014.
Bitcoin has a significant advantage, namely the ease of payment that knows no distance. This makes Bitcoin users, wherever they are, can easily make payments by utilizing the blockchain network.
Bitcoin: Who is the target market?
Judging from the increasing level of investment and being all digital, Bitcoin is widely eyed by Millennials. In fact, from the user’s point of view, Bitcoin is indeed seen as a mobile application or a convenient computer program. Everything can be controlled in the palm of your hand. The cool thing is it allows users to send and receive Bitcoins.
Also, travelers who want to go abroad and have a long travel schedule can choose to use Bitcoin instead of worrying about carrying physical money. Bitcoin facilitates payment transactions that can be made at various merchants and are an alternative means to the current financial system.
Bitcoin is seen for its very efficient use. It is also ogled by micro-entrepreneurs in remote areas abroad. Interestingly, they have had limited access to the banking sector so far. Bitcoin is considered to be one of the solutions with a more accessible medium, namely an internet connection. These micro business owners do not need to have a bank account but can participate in activities in the digital economy space on a local and even global scale.
If you are confused about where to buy Bitcoin, you can choose Indodax. Indodax is the marketplace for the most significant crypto asset in Indonesia. With more than 2 million verified members, you can buy and sell crypto assets such as Bitcoin and dozens of other assets, of course, quickly and safely. You can read other articles here.