365Crypto
Indonesia might follow El Salvador’s footsteps. Bitcoin Indonesia, a local group, revealed they met with the vice president’s office to propose turning Bitcoin into a national reserve asset.
“Yes, really,” the group posted on X. “We talked about Bitcoin mining as a reserve strategy for the whole country.”
The meeting covered Bitcoin education, mining, and future growth strategies. Officials showed interest, suggesting Bitcoin might fuel Indonesia’s long-term economic strength.
Indonesia has more than 280 million people and a GDP of $1.4 trillion. It’s the world’s 16th largest economy. Bitcoin Indonesia argued the country could tap its massive geothermal and hydro energy to mine BTC—like a digital gold rush powered by volcanoes and rivers.
They even cited MicroStrategy co-founder Michael Saylor’s bold prediction: BTC at $13 million by 2045 in a base case, $49 million in a bull case.
The group pushed for Bitcoin education too, and one official agreed:
“We must continue educating the public about Bitcoin,” they said.
But while Indonesia’s inflation is low (0.76%) and debt is manageable (39% of GDP), the country recently tightened crypto taxes.
Starting this month:
Local exchange trades: tax rose from 0.1% → 0.21%
Foreign exchange trades: 0.2% → 1%
Mining VAT: 1.1% → 2.2%
Since 2017, crypto payments are banned in Indonesia—but enforcement is weak. In Bali, real estate listings still accept Bitcoin.
