Bitcoin, massive defense weapon? Since the United States has been talking about a bitcoin reserve and that Salvador has accumulated for several yearsmany states also ask the question. Whether it is to protect themselves from inflation or to diversify their national reserves, the reasons are multiple and today it is Taiwan’s turn to think about the question.
More specifically, it was the deputy Ko Ju-Chun who asked the government to consider the addition of Bitcoin in its national reserves to protect themselves against global economic uncertainties. Direction Taipei to take stock of this case.
- Taiwan has planned to add Bitcoin to its national reserves, following the example of Salvador, to protect itself against inflation and geopolitical risks.
- MP Ko Ju-Chun stressed that Bitcoin could serve as a financial coverage for Taiwan, a country exposed to monetary fluctuations and regional tensions.
Bitcoin, this protection against inflation and geopolitical risks
When National conference May 9, the deputy Ko ju-chun took the floor to ask the government to invest in bitcoin To protect yourself from the inflation and the geopolitical risks that weigh on the world economy. According to him, cryptocurrency could become a kind of blanket Against these risks and he therefore urged the authorities to recognize Bitcoin in the same way as gold or exchange reserves to strengthen the country’s financial resilience.
The deputy stressed that his country is a Economy oriented towards export And that this leads to significant fluctuations in the national currency, the Taiwanese dollar, and that in a scenario of increased volatility or potential regional conflict, Taiwan might not be able to guarantee its safety and liquidity.
MP Ko Ju-Chun would like Taiwan to follow the example of Salvador
For him, bitcoin could be an excellent addition to the Taiwan reserves for several reasons:
- It is a decentralized asset;
- It has a full fixed offer;
- He is resistant to censorship;
- It is not subject to risks of embargo.
The deputy notably referred to the policy of Salvador who has adopted Bitcoin as a national currency and uses it as a reserve And he said that he did not recommend BTC as the only solution to growing economic challenges, but rather as one more possibility in the country’s toolbox.
He also suggested adding a » Small proportion of bitcoins »To diversified assets for the allocation of sovereign assets, risk coverage and the capacity to safeguard the Taiwan financial system. In a message on X, he even proposed to allocate as much as possible 5 % of the $ 50 billion reserve from the country to Bitcoin.
Finally, to conclude, he quoted the former dean of the National University Chen Chong who had declared that » Bitcoin is the rifle of the digital age « Before adding that “It may also be gold and money from the digital era. Unless it is barrel powder! Anyway, a wise nation will not leave arms in the hands of others ”. This has the merit of being clear!