Indonesia and Brazil are seriously considering adding Bitcoin to their national reserves – a big move towards a more modern economy.
Indonesia’s Bitcoin Plan
Indonesia’s government is looking into a proposal suggesting they use their excess renewable energy to mine Bitcoin. This would be a long-term plan to boost the economy. This is happening despite existing strict crypto taxes and a ban on using crypto for payments. The proposal emphasizes educating the public about Bitcoin’s potential benefits. The idea is not out of desperation; Indonesia has a stable economy, but sees Bitcoin as a way to diversify its reserves and use its abundant renewable energy sources. They even cited a prediction of Bitcoin reaching a whopping $13 million per coin by 2045.
Brazil’s Bitcoin Bill
Brazil is even further along. They’re holding a public hearing in August to discuss a bill that could allow up to 5% of their national treasury (around $15 billion!) to be invested in Bitcoin. This is a major step, and while there’s some opposition, the Vice President’s office supports it.
A Growing Global Trend
Indonesia and Brazil aren’t alone. Many countries, including the US, Ukraine, Bhutan, and Kazakhstan, are exploring Bitcoin as a strategic asset. Reasons vary, but the overall trend is clear: Bitcoin is becoming a more accepted part of national economies. This could be a huge shift in global finance.