Taiwanese legislator Ko Ju-Chun proposed a bold financial strategy via X suggesting Taiwan integrate Bitcoin into the nation’s official reserves.
Sharing his remarks via the social platform X, Taiwanese legislator Ko Ju-Chun proposed the government allocate a small percentage of its reserves to Bitcoin, framing the move as a proactive step toward strengthening financial resilience in the face of global economic uncertainty.
Ko was of the opinion that Bitcoin should be considered similar to Taiwan’s traditional reserve assets such as gold and foreign exchange holdings. Recognizing Bitcoin’s growing role as a store of value, he noted its potential to act as a hedge against rising inflation, currency devaluation, and the broader economic volatility seen in recent years.
Taiwan currently maintains 423 metric tons of gold and $577 billion in foreign exchange reserves, which include substantial investments in U.S. Treasury bonds. While acknowledging the importance of traditional assets Ko identified that sole reliance on them could be risky considering Taiwan’s exposure to external market pressures.
As an export-driven economy, Taiwan is particularly susceptible to currency fluctuations and the impacts of global inflation. The New Taiwan dollar has experienced notable volatility, a trend that could worsen in the event of geopolitical tensions or regional conflicts. Ko warned, the security and liquidity of Taiwan’s existing reserves might be compromised in such instances.
He proposed that Bitcoin, due to its decentralized nature and limited supply, could offer a unique form of protection.
By diversifying into digital assets, Taiwan would not only future-proof its financial strategy but also align itself with emerging global trends in reserve management.
Ko’s recommendation reflects a growing global conversation around the role of cryptocurrencies in national finance. While countries like El Salvador have embraced Bitcoin more aggressively, Ko’s proposal would mark a significant step for a developed, export-oriented economy like Taiwan.
Though the idea is still in its early stages and would require broader political and institutional support, Ko’s advocacy signals a potential shift in how Taiwan might adapt to an evolving global economic landscape.