Taiwan Eyes Bitcoin For National Reserve To Combat Economic Shocks!

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Taiwan Official Proposes <a href="https://pricpr.com/btc-usd/">Bitcoin</a> As Part Of National Reserve Strategy

On Friday, a Taiwanese political figure advocated for the government to consider adding Bitcoin to their reserve assets. This suggestion was made at the National Conference, where he emphasized the point even more. Essentially, his goal is to integrate Bitcoin with gold and foreign currencies as a means of safeguarding against abrupt market fluctuations.

Push For Bitcoin In Reserves

According to Ju-Chun’s perspective, Bitcoin can hold its ground during significant economic turbulences worldwide. He shared this viewpoint at the conference, suggesting that incorporating a small amount of Bitcoin into Taiwan’s financial portfolio could enhance the system’s stability and robustness.

Additionally, he addressed crypto supporters on platform X, directing them to his speech and soliciting their opinions. His manner was confident and clear-cut. He clarified that this move wouldn’t replace existing reserves, but could potentially strengthen them.

Meeting With Bitcoin Advocate

Based on recent news, Ju-Chun met with Samson Mow, the CEO of a company named Jan3, which focuses primarily on widespread Bitcoin usage. On Thursday, Jan3 issued a declaration underlining the importance of nations taking steps to counteract potential currency instability by acquiring Bitcoin.

Mow clarified to Ju-Chun that fiat currencies have become more unstable recently. During their discussion, they touched upon the technical obstacles, safety measures, and methods for Taiwan to invest in and securely store Bitcoin without taking unnecessary risks.

Discussions are ongoing about the possibility of Taiwan adopting a Bitcoin reserve approach due to fluctuating currency values. These discussions stem from conversations between Excellion and Legislator Ko Ju-Chun.

Read more via @BTCTimescom:

— JAN3 (@JAN3com) May 8, 2025

Current Reserve Holdings

Currently, Taiwan holds approximately 423 metric tons of gold and over half a trillion U.S. dollars in foreign exchange reserves. Ju-Chun mentioned that the New Taiwan Dollar has seen significant volatility at certain points. He ascribed this to rising global prices and escalating tensions in East Asia.

For more than fifteen years, I’ve observed that even under intense external pressure, Bitcoin has proven its resilience by staying accessible, unlike other assets that crumble. This characteristic, in my opinion, makes it a valuable addition to any nation’s financial reserves.

As an analyst, I’m suggesting a potential strategy: We might consider setting aside up to 5% of our $50 billion USD reserves for Bitcoin (BTC). This is merely a proposal and would require thorough research and careful consideration before any action is taken.

— 科技立委葛如鈞 Ko Ju-Chun (@dAAAb) May 7, 2025


Proposal To Allocate 5%

Ju-Chun suggested that Taiwan could allocate around 5% of its $50 billion reserves towards Bitcoin, which equates to roughly $2.5 billion. Notably, New Hampshire has already taken similar action, and he pointed out US President Donald Trump’s mandate for creating a US Bitcoin reserve. He also hinted at the fact that economic giants like the UK and Japan are currently holding back, but if Taiwan takes action now, it could potentially take the lead in Asia.

Certain experts warn that the value of Bitcoin may fluctuate by 10-20% within a week’s time. Meanwhile, there are concerns about the legal complexities involved in owning a digital asset at the state level. Ju-Chun suggested these matters can be managed effectively. He urged legislators to investigate how central banks might purchase, hold, and insure Bitcoin. Additionally, he advocated for clear regulations to prevent any potential losses from affecting the overall economy.

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2025-05-10 15:52