Ko Ju-Chun, a legislative member and party MP for Kuo Mingtan (KMT), has urged Taiwan’s strategic Bitcoin reserve to be strategic Bitcoin reserve for “national security,” highlighting other possible benefits of setting up strategic Bitcoin preparations for Bitcoin.
Taiwan’s tech-focused MP Ko Ju-Chun shared the X-Post highlighting that Bitcoin and other decentralized assets can provide Taiwan’s strategic financial tools to enhance economic resilience.
He warned that if the state doesn’t act quickly they could risk delays.
KO encourages bold BTC allocation in Taiwan
KO highlighted that Bitcoin and other decentralized assets could provide Taiwan’s strategic financial tools to enhance economic resilience. His remarks reflect the growing momentum among local lawmakers who view crypto adoption as the key to national innovation and security.
A few hours ago, New Hampshire became the first US state to allow the government to invest in cryptocurrencies, including Bitcoin.
Ko suggested that Taiwan could do it Follow the suit and assign up to 5% of it $50 billion preparations BTC.
A global momentum for strategic Bitcoin reserves is built
While it is difficult to predict with certainty whether countries like Taiwan will specifically adopt Bitcoin reserves the same way Trump has, the concept of using cryptocurrency as strategic reserves is becoming increasingly popular all over the world.
Several countries consider the potential benefits of Bitcoin as reserve assets, such as improving economic resilience and hedging against currency devaluation. Meanwhile, practical factors such as cybersecurity issues and market volatility for digital assets are still considered.
Meanwhile, reports suggest that some scenarios may result in Taiwan establishing a strategic Bitcoin reserve. Examples of these scenarios include the discovery that Taiwan is actively investigating blockchain technology and digital currency initiatives, but were wary of the risks of cryptocurrency.
Furthermore, given that Taiwan is the Republic of China, an additional scenario emerged when asset manager Greyscale reported that Trump’s pro-crypto stance could change China’s strict anti-crypto regulations.
Grayscale revealed that China is a key country to note in this context, adding that if the country decides to relax cryptocurrency regulations, it could be a major catalyst for adoption worldwide.
In March, President Trump ordered the administration to establish strategic Bitcoin reserves, at least to retain the assets it had weeded.
This was followed by Grayscale, which underscored the Chinese government’s regulations allow digital assets to be owned, but banned most cryptocurrency-related activities, such as trading and mining. However, Grayscale claims that under the “one country, two systems” framework, authorities were allowing the growth of cryptocurrency-related activities in Hong Kong.
Interestingly, local regulators may be reexamining how cryptocurrencies are legally treated within the country. In February, China’s Supreme Court and other courts discussed how to handle digital assets in future cases, according to the report.
David Bailey speculates that China may have its own plan for Bitcoin
In addition to grayscale, David Bailey China predicted it would act in line with the US’s evolving stance on Bitcoin. A BTC supporter known for the “Orange Pin” Trump suggested on March 3 that China may have made its own plans in response to Trump’s executive order.
Bailey also said that there was no official confirmation, but since the 2024 US election, the country has been holding a private conference on Bitcoin.
China could have a holding that rivals its US holdings if it decides to implement a Bitcoin Reserve strategy. According to a report on April 28th, the US holds 198,012 bitcoins worth around $18.3 billion, while China has 190,000 worth around $17.6 billion.
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