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Bitcoin News

Indonesia Explores Bitcoin for National Reserves Strategy

Written By:
Jalpa Bhavsar

Reviewed By:
Gopal Solanky

Last updated: August 6, 2025 6:28 PM
Published 2025-08-06
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Indonesia Explores Bitcoin for National Reserves Strategy

The Indonesian government is planning on using Bitcoin as part of its national financial reserves. This idea was discussed in a recent meeting between Bitcoin Indonesia and officials from the office of the Vice President of Indonesia. The goal is to boost long-term financial stability and help the nation become a leader in digital asset adoption.

In this discussion with Vice President Gibran Rakabuming Raka’s team, there were hopeful predictions that Bitcoin could reach $13–49 million by 2045. Bitcoin Indonesia, a local Bitcoin-focused education community, said that the government authorities showed an interest in using Bitcoin mining to contribute to the nation’s reserves. 

BIG NEWS: 🇮🇩 Indonesia is exploring Bitcoin as a national reserve.

We were invited to the Vice President’s office to present how Bitcoin could benefit the country.

What we discussed could shape the future of Indonesia’s economic strategy. 🧵👇 pic.twitter.com/QGKgGRRgEU

— Bitcoin Indonesia (@bitcoinindo21) August 5, 2025

Indonesia is home to over 286 million people and has a GDP of around $1.4 trillion. It’s the fourth most populated country in the world and ranks 16th in terms of economy size. Moreover, the county has numerous sources of renewable energy, such as geothermal and hydroelectric power, that can be used to mine Bitcoin in a sustainable manner. 

Part of the plan also includes teaching people about Bitcoin and blockchain technology. An official from the Vice President’s office said that it’s important for the country to continue educating its people about Bitcoin. Moreover, expanding mining facilities could also create new jobs, especially by using renewable energy sources. 

Indonesia’s Crypto Growth

Indonesia’s crypto market is growing quickly. In 2024, the country had a total of over $40 billion of cryptocurrency transactions. It has more than 20 million users on licensed crypto platforms, a number higher than those trading on the stock market.

Notably, Indonesia’s crypto tax earnings have also seen striking growth. The Directorate General of Taxes (DGT) now collects between IDR 500 to 600 billion annually, according to DGT Director General Bimo Wijayanto. In 2024, tax revenue from digital assets jumped to 620 billion rupiahs (about $38 million), a 181% increase from the previous year. 

Moreover, from August 1, crypto taxes have been increased in the country with seller fees on foreign crypto exchanges jumping from 0.2% to 1.0%, while local exchange fees increased from 0.1% to 0.21%.

Also Read: MEXC Ventures Invests in Indonesian Crypto Exchange Triv at $200M

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Jalpa Bhavsar- Senior crypto journalist at The Crypto Times
By Jalpa Bhavsar
Follow:
Jalpa Bhavsar is a Crypto Journalist with 3 years of experience in crypto, blockchain, AI, digital design, and crypto news reporting. She holds a B.Tech in Computer Science, bringing a strong technical foundation to her writing. Jalpa focuses on delivering clear, accurate, and engaging coverage of the latest trends and developments in the crypto and tech space.
Gopal Solanky, Senior Reporter for Markets and Protocols at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
Follow:
Gopal Solanky is a Senior Reporter, Markets & Protocols at The Crypto Times, based in Ahmedabad. He covers institutional crypto adoption, Bitcoin treasury strategies, DeFi markets, protocol ecosystems, Ethereum network activity, Hyperliquid, on-chain trends, and broader digital asset market movements. Gopal has been active in the crypto ecosystem for more than six years. Before joining The Crypto Times full-time in 2023, he worked as a freelance crypto content writer, developing a strong understanding of blockchain infrastructure, DeFi protocols, market cycles, token mechanics, and peer-to-peer systems. His reporting focuses on explaining how protocols work, why market movements happen, and how institutional and on-chain activity affects crypto investors and builders. At The Crypto Times, Gopal regularly writes market analysis, protocol explainers, breaking news, and technical breakdowns across Bitcoin, Ethereum, DeFi, altcoins, treasury companies, and Web3 infrastructure. He also conducts on-the-record interviews with regional Web3 founders, protocol teams, and ecosystem leaders. His work has been cited by external publications, including Vulture.com, in coverage of major crypto stories such as the Hawk Tuah memecoin controversy. His reporting has also contributed to The Crypto Times’ coverage of major industry events, including FTX-related developments, institutional crypto adoption, and emerging protocol narratives. Gopal holds a Bachelor’s degree in Computer Applications, giving him a technical foundation for analyzing blockchain systems, crypto infrastructure, and market data.

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