3 Scenarios of Martabe Gold Mine & Its Impact on Crypto: Price Could Reach Rp84 Million per Ounce?

Jakarta, Pintu News – The government’s plan to reopen the operating license of the Martabe Gold Mine has been in the spotlight of commodity and financial markets. This policy has the potential to affect domestic gold supply as well as investor sentiment towards safe haven assets, including cryptocurrencies such as Bitcoin and Ethereum .

In the midst of high global gold prices-even above USD5,000 per ounce or around IDR84,130,000 (exchange rate 1 USD = IDR16,826)-this policy is considered to have broad implications for the market.

1. Supply Scenario: Domestic Gold Production Could Increase

If the Martabe Mine license is reactivated, domestic gold production has the potential to increase significantly. Increased domestic supply could help strengthen national gold reserves and support the downstream precious metals industry in Indonesia. In the short term, this could reduce the need for imports and improve the mining sector’s trade balance.

However, the impact on global prices is likely to be limited as the international gold market is much larger. World gold prices are mostly determined by global demand, US monetary policy, and central bank purchases. Nevertheless, positive sentiment towards the mining sector could strengthen local investors’ confidence in commodity-based assets.

Also Read: Tokenized Commodities Surpass $6 Billion: What Does It Mean for Crypto Markets?

2. Impact to Gold Price: Correction or Stay High?

Gold prices are currently still at high levels due to global economic uncertainty and inflation. If supply increases without a surge in demand, prices could potentially experience a technical correction in the short term. However, fundamentally, gold is still seen as a hedge against geopolitical risks and currency weakness.

In the Indonesian context, additional supply from Martabe is likely to impact the local industry more than the global market. Global gold prices remain sensitive to interest rates and the value of the US dollar, so macro factors will remain a key determinant. Therefore, the opening of a mine does not automatically lower the gold price significantly on the international market.

3. Effects to Crypto and Cryptocurrency Market

Gold mining policies are also interesting to analyze from a crypto and cryptocurrency perspective. Over the past few years, Bitcoin (BTC) has often been referred to as “digital gold” due to its limited supply of only 21 million coins. When gold prices spike, interest in BTC and Ethereum (ETH) also tends to increase as both are seen as hedging alternatives.

If gold production increases and prices correct, some investors may shift funds to crypto in search of higher potential returns. Conversely, if gold prices remain high, risk-off sentiment may make investors more cautious towards volatile assets such as cryptocurrencies. This dynamic suggests an indirect link between the mining sector and digital asset markets.

4. Implications for Indonesian Investors

For domestic investors, the Martabe mine policy may strengthen the mining sector and commodity-related stocks. Mining company stocks could potentially experience increased interest if production and earnings prospects improve. Diversification between mining stocks, physical gold and crypto could be a strategy to deal with market uncertainty.

Novice investors need to understand that gold and cryptocurrency prices have different characteristics. Gold is relatively more stable, while cryptos such as Ripple or Pepe Coin have high volatility. The allocation should be adjusted according to your risk profile and investment horizon.

Overall, the potential reinstatement of the Martabe Mine license adds a new dimension to the 2026 investment map. This policy not only impacts the mining sector, but may also indirectly affect gold and crypto market sentiment. Investors are advised to monitor policy developments as well as global macro data to make rational and measured decisions.

Also Read: 7 Reasons Silver Demand Remains Strong in 2026: Market Deficit & Investment Rising

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Gold-Based Crypto: When Physical Assets Meet Crypto Technology

As blockchain technology develops, gold can now be owned not only in physical form such as jewelry or bars, but also in digital form through gold-based crypto assets.

One of the most popular is Tether Gold (XAUt), a physical gold-backed ERC-20-based stablecoin, where 1 token represents 1 troy ounce of pure gold. The gold is stored in vaults in Switzerland and each token is directly linked to certified gold bullion. The system uses automated algorithms to efficiently manage the allocation of gold and Ethereum addresses.

XAUt tokens are available and traded on various crypto exchanges. XAUt is also an attractive alternative for those looking to hedge against inflation or global economic uncertainty, while remaining within the digital asset ecosystem.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Jakarta Globe. Govt May Reinstate Martabe Gold Mine Permit. Accessed February 14, 2026.