<![CDATA[The development of crypto assets, particularly Bitcoin, has become a global phenomenon that significantly influences investment dynamics and financial systems in Indonesia. Bitcoin, as an investment instrument based on blockchain technology, offers opportunities such as portfolio diversification, increased financial inclusion, and support for the growth of the digital economy. However, the inherent characteristics of Bitcoin including extreme price volatility, limited conventional fundamental value, and strong dependence on market sentimen pose substantial risks to investors and economic stability. This study aims to analyze the impact of Bitcoin investment on Indonesia’s economic development and to identify the major risks faced by investors and the national economy. The research employs a mixed-methods approach by utilizing secondary data derived from academic literature, regulatory reports, cryptocurrency market data, and macroeconomic indicators. The findings indicate that Bitcoin investment in Indonesia has grown rapidly alongside economic digitalization, yet it has the potential to generate systemic risks if not supported by adequate regulatory frameworks. These risks include extreme price volatility, regulatory uncertainty, cybersecurity threats, and potential distortions in economic resource allocation. Therefore, balanced policies are required to foster innovation while maintaining financial system stability, accompanied by enhanced digital financial literacy to ensure that crypto assets contribute positively to Indonesia’s sustainable economic development.]]>
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