Indonesia is Considering Bitcoin as a National Reserve, What’s the Plan?

Jakarta, Pintu News – The Indonesian government is exploring the possibility of making Bitcoin (BTC) a national reserve asset. This information was conveyed by the Bitcoin Indonesia community after meeting with officials at the Vice President’s office to discuss the potential utilization of Bitcoin in driving economic growth.

Check out the full news in this article!

Meeting at Vice President’s Office to Discuss Bitcoin Potential

Bitcoin Indonesia revealed through the X platform that they were invited to present how Bitcoin could benefit the national economy. One of the ideas presented was the use of Bitcoin mining as a national reserve strategy.

The discussion also included mining opportunities, cryptocurrency education initiatives, and the utilization of blockchain technology. The special staff of Vice President Gibran Rakabuming Raka is said to support the idea of the importance of Bitcoin education to broaden public understanding.

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Natural Resource Potential for Mining and Price Prediction

In the presentation, Bitcoin Indonesia emphasized the potential for utilizing natural resources such as hydroelectric and geothermal power to support Bitcoin mining. This strategy is considered to encourage economic growth while creating new jobs, as has happened in other countries that have adopted Bitcoin nationally.

They also cite Michael Saylor’s prediction that the price of Bitcoin could reach Rp212 billion ($13 million) in the baseline scenario of 2045, or even Rp799 billion ($49 million) in the optimistic scenario. Although Indonesia’s current economic conditions are fairly stable, these projections are considered relevant for long-term consideration.

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Tax Policy and Crypto Regulation in Indonesia

On the other hand, the government recently raised the tax rate for cryptocurrency trading and mining. Income tax from crypto sales on local exchanges rose from 0.1% to 0.21%, while on overseas exchanges it jumped from 0.2% to 1%. Value-added tax on mining activities also increased from 1.1% to 2.2%.

Indonesia has continued to ban the use of cryptocurrencies as a means of payment since 2017. Although the ban was reaffirmed in 2023, enforcement on the ground is still lax, as evidenced by property advertisements in Bali that accept Bitcoin payments.

Conclusion

The move to consider Bitcoin as a national reserve could be a great opportunity for Indonesia to develop its digital economy. However, the prevailing tax and regulatory policies will be an important factor in determining the success of this strategy.

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Reference:

• Cointelegraph. Indonesia is exploring a national Bitcoin reserve, says local group. Accessed August 8, 2025.
• Featured Image: Generated by AI