Indonesia Explores Bitcoin as a National Reserve Asset

Highlights:

• Indonesia may use BTC as a reserve asset to strengthen its long-term financial position.
• Officials talked about Bitcoin mining, teaching people about it, and using it for the country’s reserves.
• Recently, crypto tax rates have risen in Indonesia as global Bitcoin adoption gains strong momentum.

The Indonesian government is now considering the use of Bitcoin (BTC) as a national reserve asset. Bitcoin Indonesia, one of the country’s biggest Bitcoin groups, met with the Vice President’s office. They talked about how Bitcoin could help support Indonesia’s long-term economic plans, according to a Tuesday update.

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 Explores Bitcoin Mining and Future Plans

During the meeting, the group said BTC mining could be used as a national reserve plan. They also talked about starting Bitcoin education across the country, which they believe can help build strong financial support for the future. They also mentioned Michael Saylor’s long-term price forecast for Bitcoin. Saylor, Executive Chairman at Strategy, believes Bitcoin could hit $13 million by 2045. His prediction is based on yearly growth between 29% and 40%, mainly due to rising interest from big investors, better rules, and Bitcoin’s fixed supply.

JUST IN: Michael Saylor says his bull case for #Bitcoin is $49 million by 2045 pic.twitter.com/9QqQfaNUzp

— Bitcoin Magazine (@BitcoinMagazine) July 26, 2024

At the BTC Prague 2025 conference, Saylor gave a higher estimate, saying BTC could reach $21 million by 2046. Indonesia’s foreign reserves usually include gold, U.S. dollars, and government bonds. If Bitcoin is added, it would mark a big shift in strategy and place Indonesia among the few countries seriously looking into digital assets at a national level. Bitcoin Indonesia said the meeting focused on real ideas, not just hype. They gave books and a conference T-shirt to Vice President Gibran to support education and awareness.

We presented @saylor’s 2045 price prediction which happens to align with 100 years of Indonesian independence.

They were bullish. So were we.

— Bitcoin Indonesia (@bitcoinindo21) August 5, 2025

Indonesia Tightens Crypto Tax Rules as Global Bitcoin Adoption Accelerates

Indonesia allows people to trade crypto, but it does not permit its use for payments. On Friday, Indonesia’s Finance Ministry announced higher taxes for both crypto traders and miners. The income tax on crypto transactions made through local exchanges increased from 0.1% to 0.21%. Meanwhile, the tax on crypto sales through foreign exchanges saw a sharp rise from 0.2% to 1%. Crypto mining will also face higher taxes. The VAT for mining will rise to 2.2%, and the special income tax will be removed. From 2026, miners will be taxed under the regular income tax system.

The meeting took place as more countries move forward with their Bitcoin plans, following the U.S., which set up its Strategic Bitcoin Reserve earlier this year. That reserve includes almost 200,000 BTC collected through past seizures.

At the same time, individual U.S. states like Texas are working on their own Bitcoin reserves, separate from the national one. El Salvador remains a leader in this space, now holding over 6,000 BTC. Bhutan has quietly built one of the biggest national Bitcoin holdings through mining. Kazakhstan is now considering investments in Bitcoin ETFs and blockchain companies. In neighboring Pakistan, officials are looking into using surplus energy for Bitcoin mining and may include Bitcoin in national reserves.