Indonesia may soon become the first Asian nation to incorporate Bitcoin into its national financial reserves, following a high-level discussion between Bitcoin Indonesia and officials from Vice President Gibran Rakabuming Raka’s office. The proposal aims to support long-term financial stability and strengthen the country’s role in digital asset adoption.
The conversation included bold projections of Bitcoin reaching $13M–$49M by 2045, and focused on sustainable Bitcoin mining as a way to contribute to national reserves using Indonesia’s abundant renewable energy sources like geothermal and hydroelectric power.
Education is also a key part of the plan. Officials emphasized the need for national Bitcoin literacy programs and highlighted job creation potential in renewable-powered mining facilities.
Indonesia is already a rising crypto hub, with over $40B in annual crypto transactions and more than 20 million users on licensed platforms—outnumbering stock market participants. In 2024, crypto tax revenues jumped 181%, hitting 620 billion rupiahs (~$38M).
The government recently hiked crypto exchange taxes, signaling growing regulatory involvement. If adopted, this Bitcoin reserve plan could set a precedent for other emerging economies looking to balance sustainability with decentralized finance.
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