Indonesia Dey Propose National Bitcoin Reserve and Mining Plan
Indoneshia Bitcoin Indonesia group don propose national Bitcoin reserve reach Vice President Gibran Rakabuming Raka office. Di Bitcoin reserve plan base on Bitcoin mining wey dem dey power wit hydropower and geothermal energy. E also get nationwide Bitcoin education program to promote crypto adoption.
Di proposal mention Michael Saylor price forecast of US$13 million per BTC for base case and US$49 million for bull case come 2045. Indoneshia stable fiscal background, wit 39% debt-to-GDP ratio and 0.76% inflation, support to use Bitcoin as hedge against future risks.
Officials also check recent crypto regulation and tax policy. Crypto trading still legal but payments in crypto banned. Income tax on local trades double to 0.21%, foreign trades now tax at 1%, and VAT on mining increase to 2.2%. Dis discussions show say crypto regulation dey grow and long term economic planning dey happen for Indoneshia.
Bullish
Indonesia dem dey explore national Bitcoin reserve wey Vice President office dey back, dis one dey show say Bitcoin dey get more institutional support and e dey get legit. Dem plan to use renewable energy do Bitcoin mining plus run Bitcoin education for everywhere fit make plenty people start to take Bitcoin and e go also make the network strong. Also, dem dey check crypto regulation and tax policy wey go give traders and miners clear guideline. This kain move fit make demand for BTC rise for long term, and e go make people get positive feeling about Bitcoin. For short term, market fit react to new regulation and tax increase, but overall, Bitcoin price go likely go up.