Indonesia & Brazil Eye Bitcoin Reserves with Renewables
Indonesia’s leading crypto community, Bitcoin Indonesia, presented a proposal to Vice President Gibran Rakabuming Raka to build national Bitcoin reserves through large-scale renewable energy mining. The plan leverages surplus geothermal and hydroelectric power for sustainable Bitcoin mining. Supporters argue this strategy will boost government revenue, create tech and energy sector jobs, and strengthen economic resilience. The proposal also calls for a comprehensive Bitcoin education initiative, including university courses, public awareness campaigns and developer training.
Meanwhile, Brazil’s House of Representatives will hold a public hearing on August 20 to debate a bill allowing up to 5% of national treasury funds—about $15 billion—into Bitcoin reserves. The bill has backing from Vice President Alckmin and involves six key institutions, including the central bank and finance ministry. These moves align with a growing global trend—countries like the US, Ukraine, Bhutan and Kazakhstan are exploring Bitcoin reserves to hedge inflation and modernize financial infrastructure.
Bullish
National adoption of Bitcoin reserves signals increased institutional demand and long-term confidence in BTC. In the short term, the announcement may drive speculative buying as traders anticipate government accumulation and mining initiatives. Over the long term, sustained reserve buying and renewable energy mining frameworks could tighten BTC supply and support higher price floors. The global trend of sovereign crypto allocations further underpins a bullish outlook, reinforcing Bitcoin’s role as an inflation hedge and strategic asset.