Indodax Says Crypto Asset Investments Are Strengthening Amid Global Geopolitical Turmoil
Jakarta – The position of cryptocurrency asset investments is believed to be strengthening amid global geopolitical dynamics, as evidenced by Bitcoin’s price surging 6% to approach $75,000 on Monday (13/4). This responds to a massive short squeeze phenomenon triggered by the United States’ (US) blockade of the Strait of Hormuz.
It is known that Iran responded with an unexpected policy, namely mandating a ‘Bitcoin Toll’ payment for all tankers crossing that route. This geopolitical dynamic, according to Indodax Vice President Antony Kusuma, not only triggered the liquidation of short positions worth hundreds of millions of dollars but also solidified crypto’s function as a strategic tool in the modern economy.
“The rise in Bitcoin’s price amid a combination of geopolitical factors, inflation, and market dynamics shows that crypto is increasingly viewed as an alternative hedge,” said Antony, quoted from his statement on Friday, 17 April 2026.
Phenomena such as the use of Bitcoin in cross-border economic activities, he continued, signal that crypto adoption continues to grow, not only at the retail level but also in a broader global context. Iran’s move to impose a tariff equivalent to $1 per barrel in Bitcoin form created massive organic demand instantly.
This blockchain-based payment system is used by Iran to ensure transactions continue and as a strategy to avoid international sanctions by leveraging a financial system beyond US reach.
On the other hand, US inflation (CPI) rising to 3.3% on Friday (10/4) shows a significant increase compared to the average trend over the past 1–2 years, which was around 2.4–3%. Price increases due to Middle East conflicts raise expectations that inflation will remain high, thus encouraging investors to diversify into alternative assets like Bitcoin and strengthening the narrative as a safe haven amid pressure on conventional currency values.
At the current price range of $74,000–75,000, Bitcoin’s movement shows strengthening supported by inflows into Bitcoin spot ETFs reaching around $1.94 billion throughout March to April.
This liquidity support strengthens the price structure and maintains positive momentum in the short term. This positive sentiment also boosts other crypto assets; based on CoinMarketCap data, Ethereum (ETH) rose 8% to $2,380, followed by Solana (SOL) strengthening 5.2% to $86.60, and BNB up 3.2% to $615.50.