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Indonesia Considers National Bitcoin Reserve After Vice President’s Office Meeting
Indonesia is exploring the possibility of creating a national Bitcoin reserve as part of its economic planning strategy. According to reports, the country held discussions with Vice President Gibran Rakabuming Raka’s office on the potential benefits of using Bitcoin as an asset.
During the meeting, representatives from Bitcoin Indonesia emphasized the value of Bitcoin mining and education initiatives in promoting the digital currency within the country. The group highlighted the potential for hydroelectric and geothermal energy sources to be utilized for Bitcoin mining, which could lead to job creation and economic growth.
It’s worth noting that other countries are exploring the use of Bitcoin as a reserve asset, such as the United States, where Bitcoin is considered a hedge against growing debt-to-GDP ratios. Indonesia’s policymakers seem to be paying attention to these global discussions and considering Bitcoin as part of its broader economic planning strategy.
The country’s economic indicators do not suggest an urgent need for a national Bitcoin reserve at present. As of January 2025, Indonesia reported a low debt-to-GDP ratio of 39% and a stable inflation rate of 0.76%.
Source: coinchapter.com
