@FireOnNoiseApp 13 March 2021 more from that month

Bitcoin went back past Rp. 800 million / coin, while Ethereum went back past Rp. 26.4 million. CEO of Indodax, a financial technology startup in crypto assets, Oscar Darmawan said, Bitcoin and Ethereum are the two most popular crypto assets in the world. Both Bitcoin and Ethereum topped their highest prices in February 2021. Bitcoin with the highest price was IDR 851.5 million, while Ethereum was IDR 26.8 million. "After experiencing a decline for several weeks, due to saturated markets, Bitcoin and Ethereum have returned to their highest levels. There are several factors that have caused them to return to their highest levels," said Oscar Darmawan, in a press release, this Saturday (13/3). Oscar Darmawan said, Bitcoin has increased due to increased demand. One of the reasons is the US economy. However, this resulted in a decline in the currency and several investment instruments. It also has an impact on economies all over the world, so people are choosing Bitcoin to secure their assets. "Investors still want to secure their assets with investments. Under these conditions, people turn to Bitcoin. Because Bitcoin is not directly affected by government policies. Bitcoin adopts blockchain technology which is not centralized," he explained. In addition, another demand factor affecting Bitcoin is due to the move of one of the largest hotel groups in the world, namely the Luxury US Hotel Group. This hotel provides payment features with crypto, such as Bitcoin, Ethereum, DOGE and others. "In this case, not only Bitcoin, but also affects the price increase of Ethereum. Because the demand for Ethereum is also increasing," said Oscar. Oscar again explained that Bitcoin will probably return to past its highest level. Most likely it could be in the near future. Because people predict the Bitcoin price is much higher than the current price. Like JP Morgan, who predicts the price of Bitcoin at IDR 2.4 billion. "This is most likely because there are still a number of other companies that want to buy Bitcoin. They want to record an increase in assets like what was done by Tesla, Microstrategy and several other companies that have bought Bitcoin," he explained. Especially in Ethereum, demand and supply limitations will also occur in the near future. Limited supply by burning or burning a certain amount of Ethereum in an Ethereum upgrade called EIP-1559. Oscar said Ethereum developers or developers have confirmed that this will happen in July or August 2021. #Cryptocurrency