The Indonesian authorities have begun discussions on the possibility of forming a national Bitcoin reserve, utilizing mining of crypto assets powered by hydro and geothermal energy for its replenishment. This issue was raised during a meeting between representatives of Bitcoin Indonesia and the office of the country’s vice president.
This is reported by Business • Media
The Potential of Green Energy for Mining
As a result of the negotiations, one of the key topics was the use of surplus electricity, particularly in the green energy sector, for Bitcoin mining. According to the Handbook of Energy and Economic Statistics of Indonesia, renewable energy production in Indonesia increased by 17.2% in 2024, opening new opportunities for the development of mining infrastructure without harming the environment.
“We considered a bold idea: using Bitcoin mining as a strategy for a national reserve. Yes, seriously. Indonesia is exploring how Bitcoin can contribute to strengthening the economy in the long term,” the publication stated.
Official Position and Regulatory Changes
During the presentation, Bitcoin Indonesia emphasized the potential of Bitcoin to strengthen the economy and proposed using mining as the primary tool for forming the reserve. Additionally, the organization referenced a forecast by co-founder of Strategy Michael Saylor, who expects that the value of Bitcoin could exceed 13 million USD per asset by 2045.
Participants were provided with thematic literature, and following the meeting at the vice president’s office, support was expressed for the development of educational initiatives and the idea of promoting Bitcoin in the country. At the same time, Bitcoin Indonesia later clarified that the meeting was informal and that the government currently has no specific plans for creating a national Bitcoin reserve.
Despite some caution in state policy, since 2019, crypto assets have been recognized as goods in Indonesia, marking a step towards more favorable market regulation. At the end of July 2025, taxes for crypto traders and miners were increased in the country. However, market participants view this as a positive signal for improving the legal framework for digital assets.