Indonesia has joined the list of countries exploring Bitcoin as a national reserve. The effort is being pushed by the Vice President’s office, and the idea is being considered because of its potential to diversify national reserves, serve as a hedge against inflation, and reduce reliance on traditional fiat currencies like the U.S. dollar, especially in the face of global economic volatility.
According to a post on X from Bitcoin Indonesia, the largest BTC community in the country, the Vice President’s office has expressed interest in Bitcoin and wants to know how it can support the country.
Indonesia may consider Bitcoin mining as a national reserve strategy
Members of the community were invited to the Vice President’s office to make a presentation on how Bitcoin could benefit the country, and they reportedly discussed topics that could alter the future of Indonesia’s economic strategy.
While there, they announced readiness to lead Bitcoin education at the national level and proposed what they called a “bold” idea: using Bitcoin mining as a national reserve strategy with the ultimate goal of using Bitcoin to fuel long-term economic strength.
“We presented @saylor’s 2045 price prediction, which happens to align with 100 years of Indonesian independence,” a tweet from the post read. “They were bullish. So were we.”
Indonesia’s Sovereign Fund (Danantara) could start accumulating Bitcoin
Various parties in the country of Indonesia, including the office of the VP, believe it is time for BTC to be added to the country’s national reserve.
Gabriel Rey, CEO of licensed crypto exchange Triv, and Anthony Leong, Deputy Secretary General of the Indonesian Young Entrepreneurs Association (HIPMI), both argue that it is time for Indonesia to explore the possibility, and proposed that Bitcoin be included as one of BPI Danantara’s investment options.
Leong says if BPI Danantara allocated IDR 300 trillion (about $18.3 billion) to Bitcoin, it could lock up up to 200,000 BTC. The profits generated could help reduce some of the national debt if the digital asset’s price increases significantly.
The Daya Anagata Nusantara Investment Management Agency (BPI Danantara) was officially launched by the President of the Republic of Indonesia, Prabowo Subianto, on February 24, 2025, and is tasked with managing state assets independently to accelerate long-term development.
The purpose of the Bitcoin reserve would be to diversify state assets, protect national wealth from inflation, and keep up with the trend of developed countries that are starting to include crypto assets in their portfolios.
The proposal triggered support and opposition across various circles, and among those that spoke up was Indonesia’s financial regulator, Financial Services Authority (OJK).
OJK was cautious in its response, expressing a willingness to entertain the discourse further, while emphasizing the need for strong regulations and governance if it were to happen.
If the discourse becomes a reality, it could make Indonesia one of the first countries in Southeast Asia to adopt Bitcoin as part of its sovereign wealth fund.
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