Is Bitcoin a Scam? Check Out the Latest Facts and Analysis for 2025!
2025-10-08
Bittime - As the popularity of digital assets increases, so do public concerns:whetherBitcoinbogus investment?This question is understandable, especially in Indonesia, which is often plagued by fraud cases disguised as crypto investments.
In fact, Bitcoin itself is not a fraudulent scheme, but rather a digital asset with a fluctuating value and is technology-based.blockchain.
However, a lack of education has led many people to fall prey to fraudulent investments "using the name of Bitcoin." This article will clearly examine whether Bitcoin can be considered fraudulent, what experts say, and how to distinguish genuine crypto investments from fake ones.
Bitcoin is not a scam, but many people misuse its name.
Bitcoin is the world's first digital currency launched in 2009 by a mysterious figure namedSatoshi NakamotoBitcoin transactions are peer-to-peer, transparent, and not controlled by any single institution.
In Indonesia, Bank Indonesia and the Financial Services Authority (OJK) have confirmed that Bitcoin is not recognized as a means of payment, but is legal to trade as an investment asset under the supervision of Bappebti (Commodity Futures Trading Regulatory Agency).
According to Oscar Darmawan, "Bitcoin is not a fraudulent investment. What's fraudulent are individuals who exploit public ignorance by promising instant profits from Bitcoin."
In other words, Bitcoin is a high-risk investment instrument, not a scam. What we need to be wary of are projects that promise steady profits under the name Bitcoin.
The Phenomenon of Fraudulent Investments Under the Guise of Bitcoin in Indonesia
Indonesia has one of the highest rates of crypto investment fraud in Southeast Asia. According to data from the Investment Alert Task Force (SWI), there were over 1,500 reports of online fraud in 2024 alone, most of which used Bitcoin or fake tokens as a cover.
The modes include:
Promising fixed returns like “20% per week” from Bitcoin.
Claiming to have a “crypto trading robot” that can double your capital.
Using fake testimonials on social media and YouTube.
Crypto expert from the Blockchain Association Indonesia, Pandji Cahyo, said:
"Bitcoin is transparent and its data can be tracked on the blockchain. So, if someone promises guaranteed returns, it's a sign they're not truly investing in Bitcoin."
Characteristics of Fraudulent Investments Using the Name of Bitcoin
To avoid getting caught out, here are some characteristics of fraudulent investments that often use the name Bitcoin:
Promises fixed profits without risk.
Does not have official permission from Bappebti or OJK.
Using an aggressive affiliate or multi-level marketing (MLM) system.
Does not provide transparent access to crypto assets or wallets.
Requesting a transfer to a personal account, not a verified platform.
To verify the platform's legality, the public can visit the official website, bappebti.go.id, and search for a list of registered crypto asset traders.
The Experts' View: Bitcoin is an Asset, Not a Promise
Several Indonesian economists also have a positive view of Bitcoin as long as it is used wisely:
Destry Damayanti (Deputy Governor of BI) explained that Bitcoin is a high-risk but potential asset, just like technology stocks in the early 2000s.
Crypto analyst Yusuf Arifin believes that “Bitcoin has value because of its scarcity and market confidence, not because of promises of profit from certain parties.”
Thus, Bitcoin is not a fraudulent investment, but rather a digital instrument that requires knowledge and caution.
READ ALSO: Is Bitcoin an MLM? Check Out the Facts and a Complete Explanation!
Conclusion
So, is Bitcoin a scam investment? The answerNoBitcoin is a legitimate digital asset with real value in the global market. However, many scams exploit public ignorance by promising quick profits from Bitcoin.
The key is education, verifying the platform's legality, and investing with risk awareness. Remember—it's not Bitcoin that's fake, it's...the individual.
How to Buy Crypto on Bittime
Want to trade sell buy BitcoinsLooking for easy crypto investing? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is secure and fast.
Start by registering and verifying your identity, then make a minimum deposit of IDR 10,000. After that, you can immediately purchase your favorite digital assets!
Check the course BTC to IDR, ETH to IDR, SOL to IDRand other crypto assets to find out today's crypto market trends in real-time on Bittime.
Additionally, visitBittime Blogto get various interesting updates and educational information about the world of crypto. Find trusted articles on Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.
FAQ
Is Bitcoin legal in Indonesia?
Yes, it is legal to trade as an investment asset under the supervision of Bappebti.
Can Bitcoin be used to cheat?
Yes, if used by irresponsible parties in fake investment schemes.
How to know if Bitcoin is fake or real?
Use the official platform registered with Bappebti and avoid promises of fixed profits.
Is Bitcoin investment safe?
It's safe if you understand the risks and use a trusted exchange.
What is the minimum Bitcoin investment in Indonesia?
Starting from IDR 10,000 on official platforms, such as Bittime.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
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