Bitcoin Indonesia, a local crypto advocacy group, has shared that Indonesia’s government is considering using Bitcoin
The group met with officials at the Vice President’s office to discuss how Bitcoin might support the country’s long-term financial plans.
In an August 4 post on X, Bitcoin Indonesia said they were invited to present their ideas on how Bitcoin could play a role in economic development.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is a Crypto Bull Run? (Animated Explainer + Prediction)
One of the main suggestions was using Bitcoin mining as a way to build national reserves.
The group also raised the need for public education around Bitcoin and shared possible future price scenarios. This includes a prediction from Michael Saylor that the asset could reach $13 million by 2045 in a base case, or $49 million in a more optimistic one.
According to Bitcoin Indonesia, one official at the meeting supported the focus on education and said the country must continue to raise awareness about Bitcoin going forward.
Another part of the group’s proposal was about making use of the country’s natural energy sources. They pointed out that Indonesia has strong geothermal and hydroelectric potential.
These clean energy sources could be used to power Bitcoin mining in a way that supports job creation and local industries.
The Indonesian Ministry of Finance recently introduced new tax rules for digital assets, effective August 1. What do the rules include? Read the full story.
