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Indonesia Explores Bitcoin Reserves and Clean Energy Mining

Key Takeaways

  • ​Bitcoin Indonesia met with government officials to propose adding Bitcoin to national reserves;
  • The group pushed for public education and shared long-term Bitcoin price predictions;
  • They suggested using geothermal and hydro power to support local Bitcoin mining.​

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Indonesia Explores Bitcoin Reserves and Clean Energy Mining

Bitcoin Indonesia, a local crypto advocacy group, has shared that Indonesia’s government is considering using Bitcoin BTC $114,743.05 as part of its national reserves.

The group met with officials at the Vice President’s office to discuss how Bitcoin might support the country’s long-term financial plans.

In an August 4 post on X, Bitcoin Indonesia said they were invited to present their ideas on how Bitcoin could play a role in economic development.

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One of the main suggestions was using Bitcoin mining as a way to build national reserves.

The group also raised the need for public education around Bitcoin and shared possible future price scenarios. This includes a prediction from Michael Saylor that the asset could reach $13 million by 2045 in a base case, or $49 million in a more optimistic one.

According to Bitcoin Indonesia, one official at the meeting supported the focus on education and said the country must continue to raise awareness about Bitcoin going forward.

Another part of the group’s proposal was about making use of the country’s natural energy sources. They pointed out that Indonesia has strong geothermal and hydroelectric potential.

These clean energy sources could be used to power Bitcoin mining in a way that supports job creation and local industries.

The Indonesian Ministry of Finance recently introduced new tax rules for digital assets, effective August 1. What do the rules include? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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