- Indonesia explores Bitcoin reserves and mining using hydro and geothermal power.
- Officials explore Bitcoin mining using hydroelectric and geothermal resources
- Government considers Michael Saylor’s $13M-$49M Bitcoin price projections
Bitcoin Indonesia has presented to government officials in the Vice President’s office about Bitcoin as a viable national reserve asset.
The cryptocurrency advocacy group was invited to outline how Bitcoin adoption could strengthen the country’s economic strategy over the coming decades.
Bitcoin Indonesia, which claims to be Asia’s largest Bitcoin community, discussed various implementation approaches including Bitcoin mining operations powered by the nation’s abundant renewable energy resources.
Bitcoin Mining Strategy Leverages Renewable Energy Abundance
Indonesia’s hydroelectric and geothermal energy resources could provide cost-effective power for large-scale Bitcoin mining operations.
The strategy mirrors approaches adopted by other nations that have used Bitcoin mining to create jobs while building cryptocurrency reserves through mining rewards.
The presentation included analysis of how Bitcoin mining operations could generate employment opportunities across technical, operational, and supporting industries.
Countries that have embraced Bitcoin mining have seen economic benefits through job creation and infrastructure development.
Government officials expressed interest in understanding how Bitcoin mining could contribute to national economic strength.
The Vice President’s office requested detailed analysis of potential implementation frameworks and regulatory considerations.
Long-Term Price Projections Align with Independence Centennial
Bitcoin Indonesia presented Michael Saylor’s Bitcoin price predictions, which reveal potential values of $13 million in base case scenarios and $49 million in bullish estimations by 2045.
The timeline coincides with Indonesia’s 100th independence anniversary, creating a symbolic connection between Bitcoin adoption and national development goals.
Officials reportedly responded positively to the price projections and their potential impact on national wealth accumulation.
The correlation between Bitcoin’s projected growth timeline and Indonesia’s centennial celebration resonated with government representatives.
The presentation emphasized Bitcoin’s role as a store of value and hedge against currency debasuation that could protect national wealth over multi-decade timeframes.
Historical Bitcoin performance data supported arguments for long-term value appreciation.
Educational Initiatives Gain Government Support
Bitcoin Indonesia emphasized the need of national Bitcoin education programs in driving informed adoption among the government and private sectors.
Officials from the Vice President’s office acknowledged the need for comprehensive educational frameworks.
Adhit, a representative from the Vice President’s office, stated that “Indonesia must also continue to educate about Bitcoin in the future.”
This endorsement suggests government recognition of Bitcoin’s growing importance in global financial systems.
The educational component would target government officials, business leaders, and citizens to build understanding of Bitcoin’s technical capabilities and economic implications.
Regulatory Framework Complicates Implementation
Indonesia currently classifies cryptocurrencies as tradable commodities and digital financial assets while prohibiting their use as legal tender.
The regulatory framework permits ownership and trading under strict oversight but maintains restrictions on payment applications.
Oversight responsibilities shifted from Bappebti to OJK in 2025, with new tax reforms effective August 1st reclassifying crypto sales as securities. The updated framework imposes 0.21% income tax on domestic trades and 1% on foreign platform transactions.
The government has maintained its 2017 ban on cryptocurrency payments, with 2023 reaffirmations warning that tourists making crypto payments would face firm enforcement action.
Any national Bitcoin reserve strategy would need to navigate these existing regulatory constraints.
Economic Potential Drives Government Interest
Indonesia’s $1.4 trillion GDP and 280 million population create substantial economic scale for potential Bitcoin adoption.
The country’s position as the world’s fourth most populous nation amplifies the potential impact of any national cryptocurrency strategy.
Bitcoin Indonesia’s presentation positioned the cryptocurrency as a tool for economic modernization and global financial integration. The group emphasized Bitcoin’s potential to enhance Indonesia’s position in digital finance sectors.
