JAKARTA - Indodax CEO Oscar Darmawan said that the decline in US inflation provides fresh air to the cryptocurrency market, especially Bitcoin (BTC).
Data from Trading Economics and the US Bureau of Labor Statistics show that the Consumer Price Index (CPI) is lower than expected, which is 3.4 percent, indicating a decline in inflationary pressures.
This affected the price of BTC which managed to stabilize above the figure of 65 thousand US dollars and had touched 66 thousand US dollars after experiencing volatility this week.
As of Saturday, May 18, BTC touched a price of $66,967.
"This strengthens investors' confidence in Bitcoin's potential as a hedge against inflation and assets capable of delivering higher returns amid global economic uncertainty," he said, quoted by ANTARA, Sunday, May 19.
The rise in BTC prices is also supported by increased trading activity among retail investors and institutions.
According to him, rising funding rates indicate an increase in leveraged buying on many retail exchanges. Investors are said to wait for this boost every month.
Determining whether inflation decreases or increases in the United States has a significant impact on interest rates worldwide. In this context, investors will make the US inflation rate one of the main references when determining the most appropriate investment instruments to choose," he stated.
In this sense, Oscar said that it is important to take advantage of a moment like this by investing in the Dollar Cost Averaging (DCA) technique through the Regular Investment function in Indodaz, because it will help manage the investment and generate profits in times like this. .
The DCA technique allows investors to regularly purchase cryptocurrencies with the same amount each month, thereby reducing the risk and impact of market volatility. This is a very effective strategy in the long term to accumulate assets at lower average costs," said รscar.
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