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Crypto Investments' Season of Collapse

Monday, 27 June 2022

The ‘crypto winter’ crisis causes crypto assets value to plunge by more than 80 percent. The government designs an exchange and regulations for high-risk crypto assets amidst lacking education for investors.

Illustration picture shows coins representing Ripple, Bitcoin, Etherum and Litecoin virtual currencies on a computer circuit board. REUTERS/Dado Ruvic/Illustration/File Photo . tempo : 166454614086

THE plan of Patricius to buy a house has now fallen apart. How could he? The value of the crypto assets he held was initially worth hundreds of millions of rupiah. He had planned to sell them, and use the proceeds to buy a house. But that dream has now shattered, as his crypto assets’ value has plunged to just around Rp10 million.

At first, Patricius spent Rp45 million to buy Waves Coin. Two years ago, the value soared by 500 percent, allo


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