Bitcoin Price Soars, Surpasses Rp780 Million

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Adi Ahdiat 13/02/2024 17:53 WIB

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Bitcoin's price surged significantly earlier this year. As of February 13, 2024, it had reached US$50,137, or approximately Rp783 million per coin.

Bitcoin Price (February 13, 2023 - February 13, 2024*)

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Bitcoin Price (February 13, 2023 - February 13, 2024*)

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After weakening in January 2024, the price of the cryptocurrency Bitcoin surged significantly in February 2024.

According to Yahoo Finance data, as of 5:20 PM WIB on February 13, 2024, the price of Bitcoin reached US$50,137 or approximately Rp783 million per coin (assuming an exchange rate of Rp15,635 per US$).

Compared to a year ago, the current price of Bitcoin has increased by approximately 130% (year-on-year).

According to Fahmi Almuttaqin, Crypto Researcher at Reku (a Bitcoin trading app company), this price increase implies an increase in investor confidence in taking risks.

"High investor confidence can be seen from at least three aspects: the increasing computing power of the Bitcoin blockchain, the increasing inflow of investment funds, and the growing investment in new crypto projects across various sectors," said Fahmi in a press release on Tuesday (February 13, 2024).

The increase in Bitcoin's price is also considered a momentum for investors to consider high-risk investment instruments. However, investors are urged to remain wise and cautious.

"For investors who may not be too familiar with risky instruments such as crypto or stocks, investors can adopt a diversification strategy," said Robby, Reku's Chief Compliance Officer.

"In addition, investors also need to adjust asset selection in their portfolio composition to their investment risk profile," he said.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Bitcoin Price Soars, Surpasses Rp780 Million

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