Bitcoin News Today: Indonesia Eyes National Bitcoin Reserve Amid Global Trend

Indonesia is reportedly moving toward incorporating Bitcoin into its national economic strategy, with officials considering the establishment of a national Bitcoin reserve. According to reports, Bitcoin Indonesia—the country’s largest cryptocurrency community—presented this proposal to Vice President Gibran Rakabuming Raka’s office in early August 2025. The plan involves not only holding Bitcoin as a reserve asset but also expanding nationwide Bitcoin mining operations, supported by Indonesia’s existing renewable energy infrastructure, such as hydroelectric and geothermal sources [1].

The proposed strategy aims to leverage Bitcoin’s potential as a long-term economic tool, with Vice President’s team reportedly showing interest in the plan. The focus on using clean energy for mining operations aligns with Indonesia’s existing energy mix, and it could generate both economic revenue and job opportunities in the tech and energy sectors. Bitcoin Indonesia emphasized in a public post on X that the country is exploring “how Bitcoin could fuel long-term economic strength,” indicating a serious commitment to the initiative [1].

Education around Bitcoin was another key component of the proposal. During the meeting, Bitcoin Indonesia highlighted the importance of public understanding and adoption, a point that resonated with the vice president’s office. This could lead to future efforts such as integrating Bitcoin-related content into university curricula and launching public education campaigns and developer training programs [1].

The push for a national Bitcoin reserve aligns with a growing trend globally. Countries such as the United States and Bhutan are reportedly holding significant Bitcoin reserves, while Brazil is set to hold a public hearing on the topic in August 2025. Kazakhstan is also investing in Bitcoin-related assets, including ETFs and blockchain companies. Indonesia’s move appears to be a timely and strategic response to the global shift in how nations view digital assets [1].

Despite the forward-looking discussions, Indonesia maintains a cautious stance toward cryptocurrency. While crypto trading is legal, its use for payments remains banned, and penalties for violations have been reinforced. In 2023, the government reiterated that tourists using crypto for payments could face legal consequences. Recently, the tax on local crypto exchange transactions was increased to 0.21%, up from 0.1%, and a 1% tax now applies to foreign exchange trades. Additionally, VAT on mining activities was raised from 1.1% to 2.2%, signaling the government’s desire to regulate the space while maintaining economic control [1].

Bitcoin Indonesia also referenced predictions from Mike Saylor, a prominent Bitcoin advocate, who forecasts a base-case price of $13 million and a bull-case price of $49 million by the end of the next decade. While these are analyst forecasts, they underscore the long-term optimism surrounding Bitcoin’s value [1].

Indonesia’s exploration of a national Bitcoin reserve represents a bold step into the digital asset space, reflecting both its ambition and its strategic positioning in Southeast Asia’s evolving fintech landscape. The initiative, if realized, could influence other countries with similar economic goals and contribute to the broader global conversation on the role of cryptocurrencies in national economic planning.

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