bitcoin is an asset
It can also be categorized as a commodity though because it can also be defined as "a useful and valuable thing" according to
Meriam Dictionary.
I thiink that it might serve as a sign to other countries to legalize Cryptocurrency in their countries.
It won't because the other countries who have legalized bitcoin and crypto are far more influencial than Indonesia, but other countries are not yet deciding to follow into their footsteps maybe because they are researching more about it.