The Indonesian government is considering adding Bitcoin to its national reserves, according to local group Bitcoin Indonesia. The organisation said it was invited to the vice president’s office to present ideas on how Bitcoin could strengthen the country’s economy.
“We explored a bold idea: using Bitcoin mining as a national reserve strategy,” the group wrote on X. They added that the discussion also covered mining projects and Bitcoin education initiatives.
With a population of over 280 million and a GDP of $1.4 trillion, Indonesia is the world’s fourth-most-populous nation and the 16th largest economy.
Focus on Mining and Education
Bitcoin Indonesia’s proposal outlined how the country could use its abundant hydroelectric and geothermal resources to support Bitcoin mining, citing examples from other nations where similar approaches have created jobs and boosted local economies.
The group met with special staff from the office of Vice President Gibran Rakabuming Raka. As part of their presentation, they referenced Michael Saylor’s prediction that Bitcoin could reach $13 million by 2045 in a base case, and $49 million in a bull case.
Bitcoin education was another key focus. A representative from the vice president’s office reportedly agreed with the need for public awareness, stating, “Indonesia must also continue to educate about Bitcoin in the future.”
Economic Context
While some countries are turning to Bitcoin to help address high debt-to-GDP ratios and inflation, Indonesia’s economic situation is different. Its debt-to-GDP ratio is relatively low at 39%, and inflation was just 0.76% in January 2025.
Despite this, Bitcoin Indonesia believes that strategic mining and adoption could help secure long-term economic strength for the nation.
