Gold, Stock and Crypto Investor Predictions in Indonesia
Rancakmedia.com – The financial technology (fintech) investment business Pluang predicts the number of gold, stock and cryptocurrency investors will exceed 100 million. This is because digital investment services are driving it.
About five to ten years ago, Pluang's COO Riadi Esadiputra said that people had a hard time investing in certain types of assets. Katadata IDE (Indonesian Economic and Data Conference 2022) on Wednesday (6/4), he added, "the procedure is quite extensive."
People can now invest more easily due to the proliferation of digital platforms. Investors in every type of asset also grew. The investor fraction is also controlled by the millennial generation.
Gold, Stock and Crypto Investor Predictions
The number of capital market investors will grow to 93% in 2021. A total of 7.49 million investors were registered by the Financial Services Authority (OJK) at the close of this year.
At the end of February, there were 12.4 million crypto investors, according to the Commodity Futures Trading Regulatory Agency (CoFTRA). Riadi added, currently around 5 percent of the total population of Indonesia is investing in gold.
Application Pluang has also accumulated more than four million registered users in Indonesia. Pluang managed to report a 22x increase in active trading users from January 2020 to November 2021.
Pluang also saw a 28.5% increase in the number of users with active balances during the same time period. Meanwhile, he estimates Indonesia will have 100 million investors across all asset classes. However, he did not give a definite timeframe. “This is because it is driven by digital platforms,” he added. Moreover, according to him, the penetration of digital platforms is growing rapidly.
Internetworldstats estimates that Indonesia will have 212.35 million internet users in March 2021. Indonesia is also in third place with the most internet users in Asia.
Jumbo companies such as Bukalapak to Tokopedia also offer investment services, including gold and mutual funds. This year's investment has begun to penetrate the superapps area, according to VP External Affairs Pluang Wilson Andrew. One application provides many functions.
Because of this, Pluang has stepped up its offering and partnered with additional e-commerce or marketplaces to prepare. In 2019, Pluang started offering to invest in gold.
Now users can invest in gold, United States (US) issuer shares, mutual funds and crypto assets in one app.
Wilson argues that in order to spread risk, it is necessary to have a diversified investment portfolio that adheres to a “don't put your eggs in one basket” philosophy. Pluang PUN works with various partners, such as Tokopedia, GoPay, LinkAja, and DANA.
Conclusion
Pluang's financial technology (fintech) investment business predicts the number of Indonesians investing in gold, stocks and cryptocurrencies will exceed 100 million. Digital investment services drive it. A total of 7.49 million investors were registered by the Financial Services Authority (OJK) at the end of 2017.
Pluang PUN's VP External Affairs estimates Indonesia may have 100 million investors across all asset classes in the next few years.
Pluang also saw a 28.5% increase in the number of users with active balances during the same time period. Internetworldstats estimates that Indonesia will have 212.35 million internet users by March 2021.
