Key Takeaways:
- Bitcoin Indonesia met with the Vice President’s office to propose using Bitcoin, including mining, as part of Indonesia’s national reserve strategy.
- Indonesia’s energy resources and stable economy position it as a potential leader in Bitcoin-backed growth, despite current crypto payment bans and increased taxation.
- The Vice President’s staff expressed interest in Bitcoin education, suggesting growing government openness to long-term adoption strategies.
Indonesia is exploring the use of Bitcoin as part of its national reserve strategy, following a recent meeting between Bitcoin Indonesia and the office of Vice President Gibran Rakabuming Raka.
The group proposed leveraging Indonesia’s abundant geothermal and hydroelectric energy to support Bitcoin mining and drive long-term economic growth.
BIG NEWS: 🇮🇩 Indonesia is exploring Bitcoin as a national reserve.
— Bitcoin Indonesia (@bitcoinindo21) August 5, 2025
We were invited to the Vice President’s office to present how Bitcoin could benefit the country.
What we discussed could shape the future of Indonesia’s economic strategy. 🧵👇 pic.twitter.com/QGKgGRRgEU
They presented educational materials, including The Bitcoin Standard and economic forecasts by Michael Saylor, who projected Bitcoin could reach $13 million to $49 million by 2045.
The delegation also stressed the need for public education on Bitcoin, which reportedly received support from the Vice President’s staff.
Indonesia, with a GDP of $1.4 trillion and a low inflation rate of 0.76%, has relatively stable macroeconomic indicators.
While crypto trading is legal, cryptocurrency payments remain banned, a rule reaffirmed in 2023 but enforced inconsistently.
Recently, the government increased crypto-related taxes, raising the income tax on local exchange sales to 0.21% and foreign sales to 1%, while mining VAT doubled to 2.2%.
Despite regulatory hurdles, the meeting signals a notable shift in Indonesia’s approach to digital assets and a potential embrace of Bitcoin at the national level.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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