Governor Ridwan Kamil of West Java, Indonesia, and JAN3 CEO Samson Mow discussed the potential benefits of Bitcoin adoption in Indonesia during a fireside chat titled “The Indonesia Bitcoin Mining Campaign.” Governor Kamil highlighted the country’s vast renewable energy resources like geothermal and hydropower , which make it a favorable environment for Bitcoin mining. He also emphasized the growing adoption of cryptocurrencies in Indonesia, with over 12 million investors, the majority invested in Bitcoin.
Governor Kamil expressed that Bitcoin could provide financial technology solutions to the unbanked population, which constitutes 40% of Indonesia. He further mentioned the recent Omnibus bill allowing 100% foreign investment in renewable energy projects, which presents an opportunity for increased investment and attention in the region. Mow added that being an early adopter of Bitcoin could provide a significant advantage for Indonesia, citing the example of El Salvador’s Bitcoin bonds financing energy infrastructure.
Overall, Governor Kamil expressed cautious optimism, seeing Bitcoin as a potential game changer for Indonesia’s economy and the well-being of its people, envisioning a future where Indonesia becomes a “Bitcoin heaven.”
Governor Kamil, the Indonesian Digital Council and it’s partners are planning a private “Invite Only” Event in October 2023 in Bali, Indonesia. More information will be released soon? Are you interested to be invited please click below.