Indonesia may be taking its first steps toward building a national Bitcoin reserve. According to a recent post on 𝕏, the nonprofit organization Bitcoin Indonesia was invited to the office of the country’s Vice President to present how Bitcoin could benefit the world’s fourth-most populous nation.
Among the topics discussed was the idea of creating a strategic Bitcoin reserve via state-sponsored mining, potentially leveraging Indonesia’s vast hydropower and geothermal resources.
“This could shape the future of Indonesia’s economic strategy”
Bitcoin Indonesia wrote, adding that the meeting also included discussions around Bitcoin education and long-term monetary resilience.
However, the organization later clarified that the meeting was exploratory. While the concept of a Bitcoin reserve was touched upon, no formal plans were made, and there was “no specific discussion” on the immediate implementation of such a strategy.
Indonesia currently allows the trading of cryptocurrencies but has banned their use as legal tender since 2017. Despite this, the country ranks third on Chainalysis’ 2024 Global Crypto Adoption Index – behind India and Nigeria – highlighting a strong grassroots interest in crypto.
Globally, the concept of state-level Bitcoin reserves is gaining traction. Bhutan and El Salvador are already accumulating BTC, and recent initiatives by countries like Pakistan, Kazakhstan, Kyrgyzstan, and the United States suggest a growing trend.
Indonesia’s early engagement may signal that it, too, is beginning to consider Bitcoin not just as an asset class—but as a potential pillar of future national strategy.
BIG NEWS: 🇮🇩 Indonesia is exploring Bitcoin as a national reserve.
We were invited to the Vice President’s office to present how Bitcoin could benefit the country.
What we discussed could shape the future of Indonesia’s economic strategy. 🧵👇 pic.twitter.com/QGKgGRRgEU
— Bitcoin Indonesia (@bitcoinindo21) August 5, 2025