Taiwanese lawmakers are considering the inclusion of Bitcoin in the national financial reserves as a hedge against rising inflation and geopolitical risks.
Warning of Currency Crisis in Taiwan
Taiwan's export-driven economy is significantly exposed to foreign markets. This has made the value of the New Taiwan Dollar fluctuate recently. The country is well aware of the potential threats posed by global inflation and rising tensions between major nations.
New Proposal: Adding Bitcoin to National Reserves
In a recent parliamentary session, legislator Ko Ju-Chun suggested that the government should consider adding Bitcoin to Taiwan's national asset reserves. He believes Bitcoin can act as a hedge against inflation and global risks due to its fixed supply of 21 million coins.
Growing Support for Bitcoin's Initiative
Ko's idea has garnered support from figures such as former Premier Chen Cong, who noted that while Bitcoin is not used as everyday money, it remains a powerful asset to guard against inflation. Professor Liu Yiru from National Taiwan University also pointed out Bitcoin's limited supply, distinguishing it from traditional currencies.
Taiwan is exploring the use of Bitcoin as a vital component of its financial reserves in an unstable environment, which opens new perspectives for the country.
