Indonesian officials eye Bitcoin mining for national reserves after key meeting

Indonesia has opened discussions on integrating Bitcoin (BTC) into its national reserves following a high-level meeting between the Vice President’s office and Bitcoin Indonesia, Asia’s largest BTC community.

The meeting marked a pivotal moment in Indonesia’s evolving approach to digital assets, as officials explored the potential role of Bitcoin in strengthening long-term economic resilience.

Among the ideas discussed were the use of Bitcoin mining as a reserve strategy and the benefits of holding BTC as a hedge against inflation and global monetary instability.

Bitcoin as a reserve asset

Bitcoin Indonesia facilitated the meeting by presenting macroeconomic trends, including changing global reserve strategies, inflationary risks, and increasing crypto adoption among sovereign nations.

Officials reportedly showed interest in further education on the asset class, with some expressing curiosity about projections linking Bitcoin’s value trajectory to Indonesia’s 100th independence anniversary in 2045.

Indonesia’s reserve portfolio currently consists primarily of gold, U.S. dollars, and sovereign bonds. The inclusion of Bitcoin would mark a strategic expansion into digital assets, following in the footsteps of countries like El Salvador and Bhutan, which have incorporated Bitcoin through state-led purchases and mining operations.

Sovereign accumulation

The meeting came as other nations accelerate their Bitcoin strategies after the US established its own Strategic Bitcoin Reserve earlier this year, holding nearly 200,000 BTC it confiscated over the years.

Meanwhile, US states like Texas have furthered plans to establish their own BTC reserves separate from the federal government.

Trailblazer El Salvador holds more than 6,000 BTC, while Bhutan has built one of the world’s largest sovereign Bitcoin positions through mining.

Kazakhstan is reviewing investment plans involving Bitcoin ETFs and blockchain firms, while neighboring Pakistan is looking to direct excess energy to mining Bitcoin and adopt it as a reserve asset.

These developments have prompted Indonesian officials to reassess their reserve mix and consider whether digital assets offer advantages in a shifting global economy.

Presenters suggested that gradual adoption, through limited holdings or mining, could complement existing frameworks without disrupting traditional reserve structures.