Economic Uncertainty Pushes Rich Indonesians to Turn to Crypto Assets
Amid economic instability and concerns over the weakening rupiah, wealthy individuals in Indonesia have started shifting a portion of their wealth into crypto assets, particularly stablecoins like USDT.
Based on information we quoted from Beincrypto media, this move is seen as a strategy to protect the value of their assets from economic fluctuations.
Economic Uncertainty Drives Asset Diversification
Individuals with a net worth ranging from US$100 million to US$400 million (approximately IDR 1.68 trillion to IDR 6.7 trillion) are reportedly beginning to convert around 10% of their assets into crypto.
This step is taken in response to growing concerns over fiscal discipline and the country’s economic stability.
Stablecoins such as USDT, which are pegged to the US dollar, have become the preferred option due to their perceived stability and ability to shield asset values from rupiah depreciation.
The Advantage of Stablecoins in Asset Mobility
Stablecoins offer flexibility in terms of asset mobility. A former senior executive from one of Indonesia’s conglomerates revealed that he has increased his USDT purchases in recent months.
According to him, stablecoins allow asset value to be preserved and moved abroad without the need to carry physical cash.
Growing Confidence in the Crypto Market
Donny Swandono, Chief Product Officer of GudangKripto, stated that more and more wealthy Indonesians are reallocating their portfolios into crypto assets.
This shift is driven by increasing public trust in the crypto market and the technology behind it.
While crypto is known for its volatility, the technology offers flexible solutions in terms of asset mobility and value preservation.
Conclusion
The move by wealthy Indonesian individuals to shift part of their wealth into crypto assets reflects a diversification strategy aimed at protecting asset value amid economic uncertainty.
Stablecoins like USDT have become the top choice due to their stability and ease of mobility.
This phenomenon highlights that crypto is increasingly being recognized as a reliable investment alternative in facing economic challenges.
