Indonesia Eyes #Bitcoin as a National Reserve Asset — A Bold Crypto Move? 🇮🇩

Indonesia is seriously considering #Bitcoin ($BTC) as part of its national reserves, alongside plans for state-backed BTC mining powered by green energy. Is this the start of a new global financial shift? Let’s break it down

What’s Happening?

The Vice President’s office met with Bitcoin Indonesia to explore BTC's role as a strategic reserve asset — like gold or foreign currencies.

This could help diversify reserves, reduce USD dependency, and prepare for the future digital economy.

Why Bitcoin?

Long-term store of value

Hedge against currency devaluation

Aligning with global trends toward decentralized finance

Potential for eco-friendly BTC mining using hydro & geothermal power

Big Numbers on the Table:

Up to $18.3B (IDR 300 trillion) earmarked for BTC purchases

Could acquire ~200,000 BTC

Some projections forecast $13M/BTC by 2045 under hyperbitcoinization scenarios

Key Challenges:

Crypto payments still banned in Indonesia (trading is legal)

Upcoming tax changes in 2025: higher VAT & income tax on mining

No official implementation timeline yet — still in discussion phase

The Bigger Picture:

If Indonesia moves forward, it could become the first Southeast Asian nation to hold Bitcoin in its sovereign reserves — a historic move that might inspire others to follow.

Could this trigger a global Bitcoin reserve race?