A Taiwanese politician urged the government Friday to include Bitcoin in its reserve composition. He made the appeal during the National Conference and amplified the message on X. His purpose is straightforward: incorporate Bitcoin along with gold and foreign currency to assist in protection against shock drops.
Push For Bitcoin In Reserves
In the opinion of Ko Ju-Chun, Bitcoin is capable of withstanding large fluctuations in the global economy. He informed the conference that introducing even a thin slice of Bitcoin to Taiwan’s asset stack might make the financial system more resilient.
He also appealed to crypto enthusiasts on X, referring them to his speech and asking for feedback. His tone was assertive and straightforward. He explained that this action would not be a substitute for current reserves but could possibly reinforce them.
Meeting With Bitcoin Advocate
According to reports, Ju-Chun last week had a meeting with Samson Mow, the CEO of Jan3, a firm that specializes in extensive Bitcoin adoption. Jan3 released a statement on Thursday emphasizing the imperative for countries to prepare against currency fluctuations by holding Bitcoin.
Mow explained to Ju-Chun that fiat currencies have turned more volatile. Their conversation addressed technical barriers, security requirements, and how Taiwan could purchase and hold BTC without risks.
Taiwan is exploring a potential #Bitcoin reserve strategy amid currency volatility, following talks between @Excellion and Legislator Ko Ju-Chun (@dAAAb).
Read more via @BTCTimescom:
https://t.co/HfUfDWJXWH
— JAN3 (@JAN3com) May 8, 2025
Current Reserve Holdings
Taiwan currently possesses 423 metric tons of gold and some $577 billion in foreign exchange assets. Ju-Chun noted that the New Taiwan Dollar has fluctuated wildly at times, attributing higher global prices and regional tensions in East Asia as contributing factors.
He contended that for over 15 years, Bitcoin has demonstrated its ability to defy external pressure and remain accessible when other assets collapse. This resilience, he added, is worth considering for the national reserve.
Taiwan
could follow suit! We could allocate a maximum of 5% of our $USD 50 billion reserve to $BTC. https://t.co/HmOTkf9gqy
— 科技立委葛如鈞 Ko Ju-Chun (@dAAAb) May 7, 2025
Proposal To Allocate 5%
Ju-Chun proposed that Taiwan invest up to 5% of a $50 billion reserve in Bitcoin, amounting to approximately $2.5 billion. He pointed to recent approvals in New Hampshire and referenced US President Donald Trump’s directive to create a US Bitcoin reserve. Many large economies, such as the UK and Japan, remain cautious and wait on the sidelines, making this an opportunity for Taiwan to lead the region.
Some experts caution that Bitcoin can experience significant volatility, with potential fluctuations of 10% to 20% within a week. Others express concerns regarding the legal and regulatory implications of state-level digital asset ownership. However, Ju-Chun remains optimistic that these issues can be managed, calling for lawmakers to explore methods for central banks to buy, hold, and insure Bitcoin. He also emphasizes the need for clear regulations to prevent any potential losses from impacting the broader economy.
Featured image from Gemini Imagen, chart from TradingView
