indonesia might add bitcoin to reserves and it’s hitting my mindset

i’ve been following the crypto space for years and even i’m a bit stunned that indonesia’s vice president office is exploring bitcoin as a national reserve asset. they met with Bitcoin Indonesia, pitched mining using their hydro and geothermal power, and even mentioned allocating around $18 billion to btc holdings

they also talked about education initiatives and long term value...citing forecasts like $13 million per bitcoin by 2045

i’m honestly conflicted. part of me feels proud, this could legitimize bitcoin at a national level like no other. but another part of me is cautious, they still ban crypto payments, enforcement is inconsistent, and taxes on trading and mining have doubled recently

here’s what i keep thinking:

a government seriously considering btc for reserves isn’t hype. it's strategic.

indonesia has massive renewable energy...mining makes sense on paper.

but the math still scares me...$18b equals roughly 200 000 btc. that’s serious exposure.

i can’t afford to get too excited because there's still risk. policy can flip. enforcement might tighten. or the public education push could fall flat.

yet if it happens..if indonesia pushes forward, it might shift the sentiment globally. could trigger other nations to rethink reserve strategy. could boost btc just by signaling long term institutional trust.

from where i sit i’m holding. i might average in more if this escalates into actual policy. worst case it fizzles, btc stays sideways, taxes stay high, and regulations stay tight. best case indonesia opens the floodgates.

submitted by /u/hodorrny to r/btc
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Quelle: bitcoin-en