Representatives from Bitcoin Indonesia, one of the country’s largest Bitcoin communities, met with Indonesian Vice President Gibran Rakabuming Raka’s office to discuss how Bitcoin could support the country’s long-term economic strategy, according to a Tuesday announcement.
During the meeting, the delegation outlined how Bitcoin mining could serve as a sovereign reserve strategy and shared insights on how national-level Bitcoin education could play a key role in building financial resilience.
The group also presented Michael Saylor’s long-term Bitcoin price projections. The Executive Chairman of Strategy previously forecast that Bitcoin could reach $13 million per coin by 2045, based on an average annual growth rate of 29% to 40%, fueled by institutional adoption, regulatory clarity, and Bitcoin’s fixed supply.
At the BTC Prague 2025 conference, Saylor raised his estimate even further, projecting a potential price of $21 million per coin by 2046.
Indonesia will raise crypto transaction taxes and remove value-added tax (VAT) for buyers from August 1. Sellers using domestic exchanges will see an increase in transaction tax from 0.1% to 0.21%, while those on international platforms will experience an increase to 1% from 0.2%.
Crypto mining taxes will also double, with the VAT rate increasing to 2.2% and the special income tax being eliminated in favor of standard taxation rates starting in 2026.