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2070: INDONESIA EYES BITCOIN RESERVE - $250K in 2025 Still In Play
00:30:37
🇮🇩 Indonesia is now exploring a national Bitcoin reserve strategy, according to leaders of the Indonesian Bitcoin Community after a recent meeting with government and central bank officials. If adopted, this would mark another sovereign nation...
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- [00:00]
JV
Welcome bitcoin fam to the number one daily bitcoin pod in today's show. I'll be breaking down the latest bitcoin technical analysis as we're pumping back in the green. Also bitcoin supply shock to uncork bitcoin price as OTC desk run dry. Can you say imminent supply shock? Send it. Also breaking news, SBI outlines plans to launch Japan's first Bitcoin XRP dual ETF. Also Satsuma secures 218 million including 125 million in Bitcoin coin to advance their strategy. Bring it. We'll also be discussing bitcoins can still run to 250000 this year according to fund strats Thomas Lee. And he says bitcoin is still on track to hit 1 million over the long haul. We'll also be discussing Indonesia now exploring a national bitcoin reserve as the global hash war continues all around the world. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show.
- [01:07]
Co-Host
If you are new to the rumble important smash the likes, give us a follow and hit the repost over on X. We stream live each and every day, seven days a week. Today is Pod episode number 2070. I'm your host JV Happy 420. It's August 6th, 2025. Bitcoin's back in the green, living the bitty high life. You can see we're above 115, up roughly 1500 on the day. Kicking it with coin 360. As you can see on your screen. The bulk of the market in the green. We love to see that. Bitcoin up 1.28% on the day. We have ether up two and a half percent. Even XRP getting a warm piece of the sidewalk back above three bucks today as the bulk of the market is a pumping. And checking out coinmarketcap.com the current crypto market cap is coming in strong today as you can see at 3.77 trillion. The all time high is just north of 4 trillion. The Bitcoin market cap in particular today 2.293 trillion. DOL 132 billion worth of volume for the past 24 hours. But Bitcoin dominance coming in at 60.9%. Ether dominance 11.8%. And checking out the top 100 crypto gainers of the past 24 hours. We got the budget little penguins leading the pack today up 6%. Kronos up 5% and Pendle up 5%. Very modest gainers for the across the board and checking out the crypto bubbles. Use this to get a visual perspective on the day. Yesterday virtually everything in the red. Today we flipped it and everything's back in the green. Zooming out for the weekly and as you can see everything's still in the red. Rec city across the board zooming out for the monthly Silver lining as the market is in the green for the past 30 days. Market Cap is climbing for cryptos across the world and zooming out for the annual the yearly perspective very similar bulk of the market in the green and checking out the infamous crypto greed and fear index. Today it's a 90. I'm sorry it's a 54 in neutral. I was about to say 90 degree. Yesterday 60. Last week of 74 and last month of 73 in greed and checking out the infamous time chain calendar. Why do I always sound like a dork when I say this one? I don't know, it's just. I guess it's unconscious. Block height number 908889 call me Point Dexter JV and we have 141111 blocks into the having a 2028. That's pretty lit because we got an 1111 Omen in that. That's what's up. And as of today, August six exchange one fiat monopoly dollar for 868 sats. So you know precisely what to do. You pick up the SATs, put down the gats and pick up some bitcoin chats.
- [03:44]
JV
But anyways, let's kick this mofo off and discuss what's happening in the market. We'll pull up some of the live charts, all that good stuff. Headline here. Bitcoin dip to 112 lacks a whiff of the altcoin summer. This is according to Bitfinex. That's right, altcoins failure to rally after bitcoin's recent drop to 112 has a spark the debate about whether altcoin season is next on the horizon. Let me know yay or nay. Bitcoin briefly fell to 112 Sunday, followed by a volatile few days before reaching where we're currently at. We're right back above 115 where we belong. The decline came weeks after the crypto recent new all time high which we tapped on July 14 at 123 000. Several major alts have also slumped in.
- [04:26]
Co-Host
The past week, including solana has been down 10 over the past 10 days. XRP retrace 6% and even DOGE was held percent. Interestingly, this break did not translate into a sustained altcoin bid. Quite the opposite, according to Bitfinex analysts.
- [04:41]
JV
I'm going to quote M. Pop here.
- [04:43]
Co-Host
On X, it seems likely that we'll.
- [04:45]
JV
See a breakout occur on gold that.
- [04:47]
Co-Host
Would result into pain on the alt markets as August tends to be a typically bad month for the brisk on assets. However, during those periods, lows are set and that's the moment you want to accumulate. Now these declines came despite signals that have historically preceded altcoin rallies. Over the past 30 days, for example, the Bitcoin dominance dropped by almost five and a half percent and Ether surged 40%, signs that traders may be rotating into the riskier assets. But still, the simultaneous decline in alt suggests investors may be taking profits instead of moving further out of the risk curve. This capitulation into altcoins alongside Bitcoin's weakness suggests speculative appetite is now receding across the board. Quoting the analysts here from Bitfinex, the others index, which tracks the broader altcoin market excluding the top 10 coins by market cap, have also dropped 18.7% over the past 10 days before rebounding slightly, highlighting a rapid derisking across the high beta segments of the market. Now, not all analysts are convinced that altcoin season is off the table. Naturally you have the altcoiners who are just, you know, very pro altcoin. Then you have the OG bitcoiners who are quite the opposite. And recognizing that all these alts are eventually gonna go to zero against bitcoin because bitcoin is a big black hole. And not only, you know, other altcoins, which is practically everything besides bitcoin, but fiat currency, real estate, which is being.
- [06:10]
JV
Demonetized in real time, and precious metals, all commodities, all assets, they're all going to zero against the BTC equal and the high priest, Max Geyser. But there you have it, yo. And let's also pull up some of the live charts. I love looking at the charts when we're actually pumping and in the green. So what we're going to do is I'm going to summon Trading View via Coinbase and we'll get into some live chart action. Jackson Satisfaction, Bo Jackson, Tony Braxton for the Baddies. But we gotta kick it off starting on the one hour chart, then we'll work our way backwards. So as you can see here, this is live and in the flesh right now. This is a bull target on the one hour sitting at 119.8, just shy of120,000 Naturally we've already passed 120 several times but then we have corrected the current top is 123two again one to current all time high. 120 in play as per this target on the one hour chart and working our way backwards, let's check out the four hour. The four hour chart. You can see a big green candle previous to the one that is printing a red right now. But no particular targets on the screen. So we'll be monitoring that. It's one of my favorite charts actually checking out the daily. I dare say it's going to be 140000 target. Let's see, there's a purple target. Yep, right on the money. Bullish flag Nipinator indicator never disappoints. Number one Bitcoin indicator with 100 accuracy.
- [07:32]
Co-Host
The only one to ever exist.
- [07:34]
JV
So all hail the liquinator Nipinator indicator and Fed chair nip. But Anyway, bullish flag purple 146 is the target in play after the rising wedge formation sensation you can see on the daily chart. Let me know when you feel that 146 target will turn to fruition and I'll be reading your comments as soon as I'm done here. Checking out the weekly we zoom it out a bit more. There's a rising wedge. A lot of bullish momentum on the weekly chart over the past 34 months. We do have a red target. It's been there forever. It's sitting at 124. We did come within $800 striking distance with the Shaolin finger jab. All hell, Bruce Lee, rest in peace. Lee Jun Fan, the Dragon himself. But yeah, 124 in play. That would take us above the current firmament. Sitting at 1232 and checking out the monthly. As we can see here. 1, 2, 3, 4 green consecutive candles. 120 days of pure bullishness. And obviously we just kicked off the month of August. And for the month of July we had the highest monthly close in Bitcoin history above 115,000. Will the bullish momentum continue for the month of August? September, October, November, December. Yay Nay holl at your boy. But anyways, next story of the day. Supply shock incoming.
- [08:50]
Co-Host
Yes please.
- [08:51]
JV
Bitcoin supply shock. Ton cork. Bitcoin price. As over the counter deaths run dry. They're running out of the bitcoin as the unprecedented demand continues. That can only mean one thing. Numbers go up and we're talking bitty price action. We're talking about the hash rate. Just hit A new all time high again this morning. Bitcoin price always follows the hash. If you don't know, ask your mama. Bitcoin is set to be uncorked as declining reserves on the exchanges and OTC.
- [09:15]
Co-Host
Death produce a supply imbalance.
- [09:18]
JV
Bed Lamb Capital Press which champions the bitcoin treasury company's strategy, formerly known as micro strategy as the most asymmetric trade.
- [09:25]
Co-Host
Of the market sees demand only increasing from here. Exactly.
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JV
I agree. MSTR buys most of the bitcoin from.
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Co-Host
The OTC trade desk so it doesn't impact the price.
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JV
MSTR bought 182000 Bitcoin year to date.
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Co-Host
Holy almost 200000 Bitcoin already accumulated this year from strategy. Pretty impressive quoting them here. OTC Trade Desk Collective balances are down to around 155000 BTC. They're running dry. Sailor may run them dry on the next acquisition for Christ's sake. And as the OTC death runs low, the demand on the public exchanges will increase and that is what will uncork Bitcoin's price to intelligent infinity where it belongs. Above the clouds. Just saying. Corporate Bitcoin Treasury's Bitcoin exposure increased by 630 BTC on Monday alone even as the price action wobble wobble wobbled to three week lows. Strategy which has the biggest bitcoin treasury of any publicly traded company has purchased Bitcoin almost every week thus far this year. I think he took one week break hiatus and you can see the chart don't lie. Here's the strategy acquisitions you can see. It's like the Sailor tracker never disappoints. Exchanges have seen their bitcoin reserves start to bottom out over the past month as long time hodlers profit. And I do believe I saw a metric that we have the lowest amount of bitcoin available on the exchanges for the past eight years. Onchain Analytics Glass Node combined exchange balances at only 2.9 million Bitcoin as of Tuesday. In some the market shifted from euphoria and I'm talking Kendrick Lamar, Dista Drake euphoria to reassessment with oversold conditions and selling exhaustion hinting at potential for bounce Bounce, come on bounce. However, fragility is growing and the structure remains vulnerable to the external negative catalyst or delayed demand revival. And you can see here as per Glass node it shows you the total.
- [11:15]
JV
Bitcoin balance available on the exchanges and you can see it fast dwindling now Profit taking continues to feature high on the radar for the market participants amid fears of a deeper correction. For example, we entertain Arthur Hayes just blaze suggesting that bitcoin can potentially retrace back down to 100 GS before taking off and continuing to go parabolic hitting new all time highs. But you guys got to let me know your thoughts. Someone wrote here Another 93 million came from 1 to 2 year huddle dollars also marking notable profit realization. But you already know the real OG has got the diamond nuts just like the Nipinator. And when you got the diamond nuts you never sell. That's the first rule of Bitcoin.
- [11:56]
Co-Host
Never sell. That's it.
- [11:58]
JV
Simple, easy, been calling the mother of all supply shocks for about a year.
- [12:02]
Co-Host
Now says Chemo facts proof of receipts.
- [12:06]
JV
Just on the show in the chat OTC BTC exchanges out of below a 5 year all time high low all.
- [12:12]
Co-Host
Time low ATL yep and we ain't talking Atlanta and bitcoin mining difficulty. Hash rate hit a new all time high. Let's go.
- [12:19]
JV
That's right, we did hit a new all time high. Price always follows the hash rate. So the hash rate is really the metric you want to keep your eyes out on. And all time high. All time high. In this next story of the day, our next headline regarding sbi, a big company, big bank, I think the largest out of Japan having a dual etf, Bitcoin and xrp. Which is actually pretty fascinating. Let's dive into this. SBI outlines plans to launch a Japan first Bitcoin XRP Dual etf.
- [12:53]
Co-Host
That's right, one ETF with the two.
- [12:55]
JV
Japanese financial giant SBI holdings.
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Co-Host
And again, I believe it's the largest.
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JV
Bank out of Japan, correct me if I'm wrong, plans to launch the country's first dual asset crypto exchange traded fund.
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Co-Host
Offering exposure to both Bitcoin and xrp. In its earnings report Thursday, the company outlined plans for the two crypto based ETF products. The first product proposal combines gold and crypto asset ETFs bundled into a trust and according to the company, this allocates 51 into goal based ETFs and 49 into crypto asset ETFs such as the Bitcoin ETFs. This will be publicly offered as an investment trust in Japan. The second proposal combines the top two cryptos, Bitcoin and xrp. The company plans to list this product on the Tokyo Stock Exchange, the largest stock exchange in Japan. And this is all official, so check it. The company said it aims to launch the products upon regulatory approval, suggesting discussions with the authorities may be ongoing. So if approved, the funds would be the first crypto ETFs publicly offering or offered in Japan, tightly regulated to the financial market. In the earnings report, SBI also mentioned the efforts of the Financial Services Agency known as the FSA to reclassify crypto assets in Japan, suggesting that the products may be under development in preparation for a shift in regulatory framework in the country. And despite news reports claiming that an XRP Bitcoin ETF has been filed, it currently remains unclear whether the products have.
- [14:19]
JV
Already been proposed to the FSA or still in the pre filing and planning phase. Now also on June 24, the FSA proposed recognizing crypto specific assets as financial products under the Financial Instruments and Exchange Act F which governs traditional financial products in the country. This could pave the way for the ETFs and lower crypto taxes in the country. So Japan all over it. Japan currently recognizes crypto as a means of payment under the country's Payment Services act. Certain tokens will be treated as securities and the FSA's proposal if approved. And there you have it. Yo the latest coming out of Japan. What are your thoughts on that dual ETF? Let's now discuss. Is it Satsuma? We got three more stories to rock so let's do this. 678. Yeah, right here. So our next headline reads Satsuma Secures 218 Million Including 125 Million in Bitcoin to advance their Bitcoin strategy.
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Co-Host
That's right.
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JV
The London listed tech firm Setsuma or Satsuma. It's kind of cool name. They locked in 163000 British pounds, which is 217 million USD and gross proceeds from its second convertible loan note round. With nearly 125 million settled in the BTC to boost its Bitcoin treasury strategy. The raise, which closed July 28, overshot.
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Co-Host
The minimum 129 million target by more than 63%.
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JV
Driven by strong interest from crypto native and traditional institutional investors. This is a kind of a big deal for those in the UK like Fairground Keeping it fair. This moment represents a landmark validation of our core belief that fusing Bitcoin native Treasury with decentralized AI is a paradigm shift in the corporate value creation.
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Co-Host
Very powerful words right there.
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JV
We know AI and Bitcoin is the future. The company revealed that 1097 Bitcoin was accepted instead of 125 million in cash. The fact that many chose to subscribe to the first ever Bitcoin subscription in London speaks to their Trust and our.
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Co-Host
Ability to innovate and execute.
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JV
And you can see the Satsuma stock.
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Co-Host
Price right here via this particular chart. And also investors are backing the round.
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JV
Including top crypto funds like Para Phi.
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Co-Host
Capital, Pantera Capital, that's Dan Morehead's company.
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JV
Arrington Capital, blockchain.com Kraken, the major exchange DCG and Kinetic Capital, alongside several London.
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Co-Host
Based equity firms managing over 300 billion.
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JV
In British pounds and combined assets. So the big dogs the loan notes.
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Co-Host
Will convert to equity at it looks.
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JV
Like point or 1.3 cent per share.
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Co-Host
Pending shareholder approval and regulatory clearance. Funds will be split between operating expenses including developer hiring and Bitcoin holdings via.
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JV
Satsuma Pte, a Singapore registered subsidiary.
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Co-Host
The fundraising builds on Satsuma's earlier announcement in June when it raised 135 million to begin building its Bitcoin Treasury.
- [17:19]
JV
Satsuma Tech runs funds and launches its.
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Co-Host
Own Bit Sensor subnets providing validator nodes and a sub net task marketplace. Bit Sensor is a decentralized AI marketplace and Satsuma Tech builds infrastructure and AI agents for their ecosystem. Satsuma currently holds 1126 BTC, currently valid at 128 million. Haven't acquired this asset since July 14th. The company's average cost per Bitcoin is 115 000, placing its current position at a slight unrealized loss.
- [17:51]
JV
Well, I guess at the time of.
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Co-Host
This recording they're back in the green just like that as Bitcoin is pumping now firms are targeting 7.8 billion in crypto. That's right. In particular, crypto treasury firms announced 7.8 billion in planned crypto purchases. With Ethereum emerging as the dominant asset of Choice, at least five public companies either bought or promised to purchase over 3 billion worth of ETH. Bitcoin also remained a popular choice for crypto treasury firms such as strategy, with seven companies proposing to buy a total of 2.7 billion worth of the BTC. Now micro strategy just recently bought 21,021 bitcoin after raising two and a half billion. And then guess what, they just announced raising another four and a half billion to acquire more Bitcoin to help successfully execute their new $42,242,000,242 plan, which means using $42 billion in funds raised to buy more Bitcoin. Sailor's goal is ultimately owning 7% of the Bitcoin supply through his company, now known as Strategy B, and he's well on his way to achieve that. And also they just had the Strategy earnings report a few Days ago we covered on the pod and they reported over $10 billion worth of profit just in the second quarter. So what do you think they always do with their profit. Let's buy some more bitcoin.
- [19:10]
JV
I call it the Sailor put. He's going to buy the top forever according to his own words. And he's been doing exactly what he's been preaching. So all hail the gigachad bitcoin at 250. Draper says yes. Hey says yes. Even the charts say yes. Don't be the last one in. That's right.
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Co-Host
Yeah.
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JV
Next story of the day. Here's the latest with Fun Strat CEO Tom Lee. He says Bitcoin may still have Steam.
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Co-Host
For 250000 per coin in 202025 and.
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JV
Still believes it'll hit a million over time and isn't ruling out 250000 for this particular year. And yeah, there's only four months left.
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Co-Host
Let's make it happen, Captain Fun Strat Co founder and bit my chairman Thomas Lee says Bitcoin may reach 250this year. Quarter milli. Despite other crypto analysts cautiously pulling back their targets, he says I think bitcoin should really build upon this 120 before the end of the year. 200 000, maybe 250. Lee told Natalie Brun the Coin Stories pod on Tuesday. Let's make it happen and shout out Natalie Bernell. Coin Stories. Great podcast there la. And I don't, you know, shout out many podcasts, but she's good. It's a good one. Last November, Lee gave a 12 month deadline for Bitcoin to reach 250 GS. While analysts like Bitmex co founder Arthur Hayes Just Blaze, an unchained market research director, have recently echoed a similar price target for the year, others have adopted a more cautious outcome outlook with less than five months left until the end of the year. In May, Bernstein and Standard Chartered set their year end Bitcoin targets at 200 000, while the 10x research Marcus Thielen recently projected more modest 160, 000. So it's like they're scared. They don't want to like put a prediction out there that doesn't come true and make them look bad. I say stick to your guns. If you're a call in for 250, stick to it.
- [20:58]
JV
Because guess what?
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Co-Host
We may just hit 250 and you're going to wish you didn't take back the prediction. But just saying. And again, shout out. Natalie Brunel Great, great podcast. Lee said there's a probability that the four year cycle has ended for bitcoin and this is a very popular new theory due to the mounting institutional interest in Bitcoin and increased shared belief amongst executives in the industry. However, another analyst, REC Capital recently said if the Bitcoin cycle follows the 2020 pattern, the market will likely peak this year in October, which is 555 days after the bitcoin having which occurred in April of last year. Also we have the Bitwise Chief Investment Officer Matt Hoogan recently called the four year having dead and predicted that 2026 will be an up year for bitcoin. So another theory is that Sailor artificially just changed the game with the four year cycle through the institutional fomo like a mofo. Let me know if you subscribe to that theory now. Lee's optimistic target comes as Bitcoin has seen of all the time week. Well yeah, naturally after reaching a new all time high 1232 on Coinbase on July 14th, Bitcoin pull back to 112 over the weekend and is now trading above 115. We're right back. There's also been a recent tumble in crypto market sentiment. The Crypto Greed and Fear Index was measures the overall sentiment which we cover each and every day went from greed.
- [22:16]
JV
To neutral and now we're back in greed as of today. FYI Lee said skepticism is a positive in any financial market. It's a sign that there is still price discovery underway. Makes a good point because if people were all bullish in the public realm, when everyone is bullish, then it's probably in the price. That's right. The market typically does the opposite of what the majority believe. So if everyone was bullish it probably would. Correct. Whereas if some people are skeptical it's good. It means we're most likely going to continue to bull pretty much. When there's plenty of skepticism and reasons to be skeptical allows markets to have a positive surprise. Precisely my sentiment. Lee forecast the Bitcoin should still reach.
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Co-Host
1 million over time.
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JV
My response to that thanks Captain Obvious. I think we can all agree, each and every one of you, including the biggest haters of Bitcoin, it's inevitable. The million dollar question becomes by when is it going to happen this year? Will it happen next year? Will it happen by the 2028 having will happen by the top of the decade?
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Co-Host
When's it going to happen?
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JV
Captain?
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Co-Host
Let me know.
- [23:12]
JV
We're going to continue with our feature story of the day here you guys Ready with a mom spaghetti with a meatloaf. Let's do the damn thing.
- [23:17]
Co-Host
All right, fam.
- [23:18]
JV
Now for our feature story of the day. Indonesia is now exploring a national bitcoin reserve according to a local group.
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Co-Host
As the bitcoin hash war continues around the world. This is a pretty big deal. Let me know if you guys have ever been to Indonesia. I spent maybe 30 days in Bali.
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JV
Had a fantastic experience.
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Co-Host
So this actually put a smile on my face when I saw this. I'm going to read this story to you.
- [23:42]
JV
You should be able to see on.
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Co-Host
Your screen right now.
- [23:45]
JV
Okay.
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Co-Host
The Indonesian government has been exploring bitcoin bitcoin as a reserve asset according to Bitcoin Indonesia, which recently met with officials to discuss how the strategy can drive economic growth in the country. Quoting them here, we were invited to the vice president's office to present how bitcoin could benefit the country. We explored a bold idea using bitcoin mining as a national reserve currency. Sound familiar? The theme of the entire week on the podcast is another country adopting bitcoin. Whether it's mining bitcoin using nuclear energy, whether it's establishing a bitcoin strategic reserve in secret, etc. Well, add Indonesia to the list they wrote here. Yes, seriously. Indonesia is looking into how bitcoin could fuel long term economic strength. Other focus areas included bitcoin mining and education initiatives.
- [24:34]
JV
And here's the official news from Bitcoin Indonesia on X Indonesia exploring bitcoin as a national reserve. We were invited to the vice president president's office to present how bitcoin could benefit the country. And they released an entire thread. Here's the proof of work right there. And again, I think it's awesome. Indonesia is the fourth most populous country.
- [24:53]
Co-Host
In the world with over 280 million people.
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JV
It's a pretty big deal. It has an estimated GDP of 1.4 trillion, making it the 16th largest economy. And yesterday we were entertaining Brazil adopting a bitcoin strategic reserve. And as you know, Brazil is the largest country in all of Latin America. So the dominoes are falling. And I get to give Max Kaiser the credit because he's the first one to coin the term bitcoin global hash war.
- [25:20]
Co-Host
All the way back in 19 two.
- [25:22]
JV
Years prior to the first bitcoin president, Nai Boke adopting bitcoin for the country over in bitcoin country. But anyways, Bitcoin Indonesia's presentation included how the country might leverage its abundant hydroelectric and geothermal resources. The fuel economic growth, a strategy that has spurred job creation in other countries. Embracing Bitcoin kind of reminds me of you know, geothermal mining in El Salvador using the volcano which you know, Bukele proposed many years back. Bitcoin Indonesia said it met with special staff from the office of Indonesia's vice president. The bitcoiners also presented sailors prediction that bitcoin could reach 13 million by 2045. Well here's the silver lining. That was his old prediction. He update that mofo. He's now calling for 21 million by the year 2045 with a base case scenario 49 million for the bull case. Now we're talking. The group stressed the importance of bitcoin education initiatives. Again reminds me of El Salvador to drive adoption of you. One representative from the vice president's office seemingly agreed with quoting him here. Indonesia must also continue to educate about Bitcoin in the future Bitcoin Indonesia, recalled the official Zhang. And as you can see again Bitcoin Indonesia announcing and of course we left behind more than just ideas, the bitcoin standard they tag Siphon Amos, the author of that book the Changing World Order tagged Ray Dalio the fourth Turning Bitcoin Circular economies and a conference T shirt for Indonesia's vice president. Shout out to these OGs for helping to make this adoption happen. Bitcoin's potential for the long term price growth has attracted nation states like the United States to adopt it as a strategic reserve asset to address their worsening.
- [27:04]
Co-Host
Debt and GDP ratio and hedge against inflation. As you know, Trump signed that executive order. That pitch may be less relevant for Indonesia as its debt to GDP remains relatively low at only 39%, while its annual inflation rate as of January this year is firmly under control at only 76%. What do you think the true inflation of the United States is? I dare say extremely higher than that. Now Indonesia allows crypto trading, but it's currently prohibiting its use for payments. Friday, Indonesia's Finance Ministry raised taxes on crypto traders and miners. Income tax and crypto sales via local exchanges more than doubled from 1% to 21%. Good Lord. While sales on foreign exchanges rose fivefold from 2% all the way to 1%. Additionally, the value added tax on crypto mining activities doubled from 1.1 to 2.2%. Indonesia had imposed its ban on crypto payments since 2017 and affirmed in 2023. Taurus making crypto payments would also be dealt with firmly despite the ban, though enforcement appears to be lax now.
- [28:11]
JV
You guys let me know your thoughts with that adoption. And as a bonus, I wanted to share something. I responded To Robert Kiyosaki Rich Dad Today I wrote Robert Kiyosaki made millions of the hard way, then discovered the genius of bitcoin. No stress, no middleman, no games, just truth in code and time on your side. Satoshi built the greatest wealth machine ever created.
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Co-Host
Set it, forget it and become free.
- [28:33]
JV
Now to read you rich dad's posts.
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Co-Host
Anyone can become a millionaire.
- [28:37]
JV
I can't believe how bitcoin makes becoming rich so easy. Bitcoin is pure genius asset design.
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Co-Host
No mess, no stress. Just set it and forget it.
- [28:46]
JV
I made my first million in real estate. That took hard work, lots of risk.
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Co-Host
Lots of money, lots of time and many sleepless nights. Let me know if anyone can relate.
- [28:53]
JV
Question if you say it is so easy to become a millionaire with bitcoin, why are there so many millions of poor people?
- [28:59]
Co-Host
Answer Good question. I wonder that myself.
- [29:02]
JV
I did not know how brilliantly Satoshi had designed bitcoin until I did a.
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Co-Host
Little study, invested a few dollars, said it, forget it and it has grown into several millions of dollars. Easiest millions I have ever made. Wishing you the same good fortune. Take care.
- [29:19]
JV
And that's very powerful words coming from rich dad Robert Kiyosaki.
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Co-Host
And he makes great point.
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JV
Because guess what?
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Co-Host
Bitcoin is the monetizing real estate.
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JV
I'm sure you you've all saw the.
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Co-Host
Infographics or memes of the average house in the United states right now roughly 400 000, which is less than 4 bitcoin. 10 years ago that may have been 400 bitcoin and maybe 10 years from from now. Projected into the future, it may be 0.4 Bitcoin. The future is yet to be determined. But that's the way things are going because your dollar is mathematically guaranteed to decrease its purchasing power. And Bitcoin has the polar opposite effect. It's a mathematical certainty to increase your purchasing power and real estate, precious metals, all commodities, all assets are ultimately going to flow into bitcoin like a giant black whole. That just is what it is. This is the will of Satoshi.
- [30:14]
JV
And don't forget to check out bitcoinnewsalerts.net for the full premium experience with video and to participate in the live stream along with the Q A. And I look forward to seeing you on tomorrow's episode Hoddle.