Check Out How the UK-UAE Has Bitcoin That Indonesia Might Follow

Mubadala Investment Company, the sovereign wealth fund of Abu Dhabi in the United Arab Emirates (UEA), is known to hold Bitcoin worth US$435.6 million or approximately Rp7.1 trillion through the iShares Bitcoin Trust (IBIT) owned by BlackRock, according to an official report in 2024. The UK pension fund, Cartwright, has also allocated 3% of its assets to Bitcoin.
Bitcoin is the second largest investment of Mudabala, with a significant gap, making Bitcoin represent only over 2% of its total value.
Mubadala chooses to enter the Bitcoin market through IBIT to gain exposure to Bitcoin without having to handle the digital asset itself.
On the other hand, Cartwright is investing directly in Bitcoin as a way to leverage potential gains while limiting potential losses.
Cartwright Bitcoin investment is designed with operational procedures that prioritize asset security while still generating profits.
They use a cautious approach, such as education, due diligence, and risk management strategies to maintain a balance between potential long-term growth and portfolio stability.
So, what if Indonesia, perhaps in this case the Investment Management Agency of Daya Anagata Nusantara (BPI Danantara) sets an example?
According to the calculations of the Crypto Academy editorial team, if Danantara allocates just 1 percent of the total assets worth Rp14,670 trillion, which amounts to Rp146 trillion to purchase Bitcoin, then Indonesia could become the third largest BTC holder in the world, after the United States (AS) and China.
Indonesia can have a total of 84,837 Bitcoin with an average price per coin in the range of US$105,000 or Rp1.72 billion.
On the other hand, if Danantara sets aside 3% of all its assets like Cartwright, Indonesia could have 254,541 Bitcoin. With that amount, Indonesia could occupy the first position in history.