Taiwan Politician Suggests Including Bitcoin in National Reserve Strategy

A Taiwanese politician, Ju-Chun, urged the government to include Bitcoin in its reserve strategy during the National Conference. He believes this would enhance financial resilience alongside existing assets like gold and foreign currency.

Key Points from the Proposal

Ju-Chun advocates for Bitcoin as a hedge against economic fluctuations.
He suggests allocating up to 5% of Taiwan's $50 billion reserve, approximately $2.5 billion, to Bitcoin.
Current reserves include 423 metric tons of gold and $577 billion in foreign exchange assets.
He recognizes Bitcoin's historical ability to withstand external pressures compared to other assets.
Concerns exist regarding Bitcoin's volatility and legalities of state-level digital asset holdings.
Ju-Chun aims for clear regulations to manage potential losses without impacting the economy.

Recent Engagements

Ju-Chun recently met with Samson Mow, CEO of Jan3, to discuss technical aspects of Bitcoin adoption and strategies for secure holdings.

The push for Bitcoin in Taiwan's reserves could position the nation as a leader in Asia if action is taken promptly.