Holding on Amid the Storm

Cryptocurrency investors are trying to hold on amid a steep decline in value. They are hoping for a rebound after pressure from inflation is relieved.

Retno Sulistyowati

June 27, 2022

MUKHTAR Juned tries to remain calm as the value of the cryptocurrency in his possession slumps. The employee of a state-owned company in Aceh holds about a hundred units of Dogecoin he procured last year, when it was priced at Rp900,000 a coin. The price once skyrocketed to Rp2.4 million in January, but it has now fallen back to around Rp900,000. “(It’s) a small gain, not bad,” he told Tempo on Saturday, June 25.

Mukhtar is amo

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