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Holding on Amid the Storm

Monday, 27 June 2022

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.

A crypto investor monitors Bitcoin price movement on his computer screen and mobile phone at a cafe in Jakarta, May 2021. Tempo/Tony Hartawan . tempo : 166454087191

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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