Indonesian group says it’s exploring establishing a national Bitcoin reserve

Bitcoin Indonesia said it recently presented Bitcoin to the Vice President’s Office and discussed Bitcoin mining as a national reserve strategy.

The Indonesian government has been exploring Bitcoin as a reserve asset, according to Bitcoin Indonesia, which recently met with officials to discuss how the strategy could boost the country’s economic growth.

“We were invited to the Vice President’s Office to showcase how Bitcoin can benefit the country,” Bitcoin Indonesia said in an X post on Monday.
“We explored a bold idea: using Bitcoin mining as a national reserve strategy.”

“Yes, seriously. [Indonesia] is exploring how to leverage Bitcoin for long-term economic strength,” the Bitcoin community wrote on X, adding that other areas of focus include Bitcoin mining and educational initiatives.

Bitcoin Indonesia’s presentation included how the country is leveraging its abundant hydropower and geothermal resources to drive economic growth, a strategy that has already spurred job creation in other Bitcoin-accepting countries.

Bitcoin Indonesia stated that it met with special staff from the office of Indonesian Vice President Jibran Rakabumin Raka.
The organization emphasized the importance of Bitcoin education initiatives to drive adoption, a sentiment that a representative from the Vice President’s office seemed to agree with:
The Indonesian Bitcoin Association recalled: “Indonesia must continue to educate about Bitcoin in the future.”

Bitcoin enthusiasts also presented Michael Saylor’s prediction: in a base case scenario, Bitcoin’s price will reach $13 million by 2045, and in a bull case, Bitcoin’s price will reach $49 million.