Data from Indonesian regulators reveal that more than 60% of crypto investors in Indonesia consist of Gen Zs and Millennials

Data from Indonesian regulators reveal that more than 60% of crypto investors in Indonesia consist of Gen Zs and Millennials in the age range of 18 to 30 years old.

Indonesian youth are heavily engaged in crypto investing, according to recent data from the Indonesian Commodity Futures Trading Regulatory Agency (Bappebti).

A large portion of crypto investors in Indonesia are Gen Zs and Millennials, focusing on the age range of 18 to 30 years old.

By Sept. 2024, as much as 26.9% of crypto investors are in the ages of 18 to 24 years old.

Those who are 25 to 30 years old make up 35.1% of the total crypto investors in Indonesia.

This was revealed by the Head of Bappebti, Ir. Kasan.

He added that younger people continue to show enthusiasm for new financial technologies, such as digital assets, as an alternative to traditional financial assets, such as stocks and gold.

However, Kasan also highlights the importance of promoting financial literacy to younger generations, especially for those who have an interest in understanding crypto.

He believes that young people need to stay updated on the latest technological and financials developments.

“Financial literacy, including an understanding of crypto, is very important so that the younger generation can choose the right investment and avoid unnecessary financial risks,” said Kasan.

In other news, a recent survey by a financial institution in Indonesia found that 32% of Millennials and 26% of Gen Z are used to setting aside some of their income for savings and investment.

This shows that financial management and investment are now a priority for the younger generation.

Even though this number decreased slightly compared to August, the value of crypto transactions from January to September this year has exceeded the same period in 2023.

Last year, the total value of crypto transactions was IDR 94.41 trillion (USD 5.99 billion).

Meanwhile, the total value of crypto transaction in Indonesia measured from January 01, 2024 until September 30, 2024 is IDR 426.69 trillion (USD 27.10 billion).

This shows an increase of 351.97% compared to last year.