The Indonesian authorities are considering the possibility of forming a national Bitcoin reserve, as well as utilizing cryptocurrency mining based on hydro and geothermal energy for this purpose. This issue was discussed during an official meeting between representatives of the Indonesian Vice President’s office and the organization Bitcoin Indonesia, which promotes crypto assets and educational initiatives in the field of digital assets.
This is reported by Finway
Potential of Green Energy for Mining
During the meeting, attention was focused on the surplus electricity in Indonesia, particularly in the “green” energy sector. According to reports, this sector demonstrated significant growth of 17.2% in 2024. Activists from Bitcoin Indonesia suggested considering Bitcoin mining as an effective way to utilize excess eco-friendly energy and a source for forming a national digital reserve.
“We considered a bold idea: using Bitcoin mining as a national reserve strategy. Yes, seriously. Indonesia is exploring how Bitcoin can contribute to strengthening the economy in the long term,” the publication stated.
Discussions, Forecasts, and Government Position
During the presentation, Bitcoin Indonesia emphasized that replenishing the Bitcoin reserve is possible precisely through the use of clean energy. Additionally, participants in the discussion referred to long-term forecasts from well-known experts, including co-founder of Strategy (formerly MicroStrategy) Michael Saylor, who believes that by 2045, the price of Bitcoin could exceed 13 million US dollars per unit.
Concluding the event, activists presented representatives of the Vice President’s office with relevant literature. In an official comment, support for initiatives aimed at implementing educational programs and further developing the Bitcoin sector in the country was noted.
After gaining attention, Bitcoin Indonesia clarified that the meeting and discussions were unofficial, and currently, the authorities have no specific plans regarding the creation of a national Bitcoin reserve.
It is worth noting that since 2017, there has been a ban on the use of cryptocurrency for payments in Indonesia; however, since 2019, digital assets have been recognized as goods, which was an important step towards easing government regulation. Since the end of July 2025, taxes for cryptocurrency traders and miners have been increased in the country, which, despite the tightening of regulations, market participants view as a step towards updating the regulatory framework and further developing the industry.