the government is mostly made up of insiders, so their mindset focuses on the system being used. when asked to develop, they choose to retreat and endure 🤣
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Why doesn’t Indonesia make Bitcoin a strategic asset???
Indonesia does not regard Bitcoin as an important national asset for several complex reasons involving economic policy, regulation, and socio-economic conditions that differ from El Salvador. Here is the explanation:$BTC
1. Monetary Stability and Central Bank Authority
- Bank Indonesia (BI) is tasked with maintaining the stability of the Rupiah and inflation. Bitcoin, with high volatility (price changes ±10-30% in a day), is considered risky for disrupting monetary stability.
- El Salvador uses the US Dollar as its official currency, so Bitcoin adoption does not conflict with national currency policy. Meanwhile, Indonesia has the Rupiah, which needs to maintain its sovereignty.
1. Monetary Stability and Central Bank Authority
- Bank Indonesia (BI) is tasked with maintaining the stability of the Rupiah and inflation. Bitcoin, with high volatility (price changes ±10-30% in a day), is considered risky for disrupting monetary stability.
- El Salvador uses the US Dollar as its official currency, so Bitcoin adoption does not conflict with national currency policy. Meanwhile, Indonesia has the Rupiah, which needs to maintain its sovereignty.
