Someone who bought Bitcoin at $60,000 on February 6 and did nothing is sitting on a 31% dollar-denominated return in under three months. Given continued rupiah weakness, the IDR-denominated return is higher still. The structural case for Bitcoin in Indonesia is not complicated: a fixed-supply asset, a depreciating local currency and a population already comfortable with digital assets and already taking risk. The missing piece is not access or appetite. It is the framing.