TLDR
Bitcoin Indonesia proposed Bitcoin as a national reserve strategy to Indonesia’s Vice President.
Bitcoin mining could be fueled by Indonesia’s abundant hydroelectric and geothermal resources.
Bitcoin Indonesia presented Michael Saylor’s Bitcoin price prediction to Indonesia’s officials.
Indonesia plans to raise taxes on crypto trading and mining starting August 1.
Bitcoin Indonesia recently presented a proposal to the Vice President’s office, suggesting that Bitcoin could be used as a national reserve asset. According to Bitcoin Indonesia, the meeting focused on exploring Bitcoin mining as a key part of Indonesia’s long-term economic strategy. The proposal is part of Indonesia’s growing interest in incorporating Bitcoin into its financial system to stimulate economic growth and stability.
The Indonesian government has yet to announce any formal decisions regarding Bitcoin’s role in national reserves. However, Bitcoin Indonesia’s meeting with officials at the Vice President’s office reflects a serious exploration of how digital assets can contribute to economic resilience.
Potential for Bitcoin Mining in Indonesia
Bitcoin Indonesia emphasized the country’s significant natural resources, such as hydroelectric and geothermal energy, as potential drivers for Bitcoin mining operations. These resources could provide the necessary energy for large-scale Bitcoin mining, positioning Indonesia as a key player in the global Bitcoin mining industry.
In other countries, Bitcoin mining has led to substantial job creation and economic activity. The delegation presented these examples to show how mining could boost the local economy and contribute to the country’s GDP.
BIG NEWS: 🇮🇩 Indonesia is exploring Bitcoin as a national reserve.
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
— Bitcoin Indonesia (@bitcoinindo21) August 5, 2025
Indonesia’s abundant renewable energy sources could further strengthen the argument for Bitcoin mining as a sustainable and profitable sector.
Bitcoin Price Projections and National Strategy
During the meeting, Bitcoin Indonesia introduced Michael Saylor’s long-term Bitcoin price projections. Saylor, a prominent Bitcoin advocate, predicts that Bitcoin could reach $13 million per coin by 2045, with a potential to rise to $49 million in more favorable conditions.
These predictions are based on Bitcoin’s fixed supply, increasing institutional adoption, and clearer regulatory frameworks.
Bitcoin Indonesia’s presentation of these forecasts highlights the potential for Bitcoin to become a store of value, which could support national reserves. This is particularly relevant as countries like the United States have already started exploring Bitcoin as a hedge against inflation and rising debt-to-GDP ratios.
Indonesia Crypto Policies and Tax Changes
While the Indonesian government has explored Bitcoin as a reserve asset, the country’s approach to crypto regulation remains cautious. In recent months, Indonesia has implemented stricter taxes on cryptocurrency transactions. Starting in August 2025, the Indonesian Finance Ministry will raise taxes on crypto traders and miners.
The tax on crypto sales through local exchanges will increase from 0.1% to 0.21%, and the tax for foreign exchange sales will rise from 0.2% to 1%. Additionally, the value-added tax (VAT) on crypto mining activities will double from 1.1% to 2.2%.
Indonesia has also maintained a long-standing ban on the use of cryptocurrencies for payments. However, the country has allowed crypto trading and continues to explore the potential benefits of digital assets in a broader economic context.
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