Speculation that I know and what I have read from the past I know crypto exchanges until now, the formation of one of the exchanges, whether it is managed by the government, company and so on, has no effect on the increase in the price of Bitcoin or other crypto.

We often see exchanges that sink and some grow new, absolutely no effect on the crypto market, especially exchanges managed by the Indonesian government, it's a joke, Indonesia does not have big investors to boost Bitcoin prices, I have never seen investors buying Bitcoin in large quantities on exchanges operating in Indonesia. or the main mastermind of the growth of the bull market.

In my opinion, the occurrence of the bull market was not caused by the existing crypto exchange in Indonesia, there was a lot of speculation that could affect the bear and bull market in the crypto market, new exchanges did not enter.