Taiwanese legislator Ko Ju-Chun has urged the government to explore adding Bitcoin to its national reserves, framing the move as a strategic hedge against escalating global economic and geopolitical risks.
Speaking at the National Conference, Ko emphasized that Bitcoin’s decentralized nature, fixed supply, and resistance to censorship make it a compelling asset in times of financial turbulence. He argued that the cryptocurrency could complement Taiwan’s existing gold and foreign exchange reserves to bolster economic resilience.
“We currently have a gold reserve of 423 metric tons, and our foreign exchange reserves amount to $577 billion, including investments in US Treasury bonds,”
the lawmaker stated.
Ko, a legislator-at-large in Taiwan’s Legislative Yuan, recently met with Samson Mow — a vocal proponent of nation-state Bitcoin adoption through his tech firm, Jan 3 — to discuss the potential role of Bitcoin in sovereign asset portfolios. Ko pointed to Taiwan’s export-dependent economy and the New Taiwan dollar’s vulnerability to inflationary and geopolitical pressures as reasons to consider digital assets in reserve planning.
While not advocating overhauling the reserve structure, Ko suggested allocating a modest portion — up to 5% of the country’s $50 billion investment reserves — to Bitcoin. “When exchange rate risk and regional uncertainty increase, it is time to introduce new tools to construct a more flexible financial strategy framework,” Ko said.
Quoting former Premier Chen Chong, Ko likened Bitcoin to the “gunpowder of the digital era,” urging Taiwan not to be left unarmed in a rapidly evolving financial landscape.
“As former Dean Chen Chong said, Bitcoin is the gun of the digital era. It may also be the gold of the digital era, the silver of the digital era. Or it could be gunpowder. A wise nation will not let weapons be in others’ hands.”
His remarks come as Taiwan continues to position itself as a crypto-friendly jurisdiction. The Financial Supervisory Commission is preparing for institutional trials of crypto custody services later this year, signalling a broader shift toward embracing digital finance.
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