Taiwan legislator Ko Ju-Chun has proposed integrating Bitcoin into the country's national reserves, suggesting a 5% allocation amid rising economic uncertainties.
Legislator's Proposal
Taiwan legislator Ko Ju-Chun proposed allocating Bitcoin as part of Taiwan's national reserves strategy. On May 6, 2025, he suggested up to 5% allocation from the $50 billion reserves to Bitcoin. This move aims to bolster Taiwan's economic resilience.
Regional Context and Economic Rationale
Ko Ju-Chun is advocating for Bitcoin adoption at the national level. He cited regional uncertainty and volatility as reasons for the proposal. The plan involves significant financial reserves, including 423 metric tons of gold and $577 billion in foreign exchange reserves. Ko Ju-Chun, Legislator, Taiwan, emphasized, "When exchange rate risk and regional uncertainty increase, it is time to introduce new tools to construct a more flexible financial strategy framework."
Implications and Strategic Value
The proposal impacts Taiwan's fiscal strategies, marking a shift towards cryptocurrency in national reserves. Economic volatility remains a concern, and Bitcoin is seen as a hedge against such fluctuations. Institutional support could influence other jurisdictions to consider similar strategies.
Incorporating Bitcoin into national reserves could reshape Taiwan's financial and regulatory landscape. Past trends show growing interest in cryptocurrencies for national strategies. As economic uncertainties persist, Ko's proposal may stimulate further discourse on crypto's role in sovereign reserves.
