Taiwan Official Proposes Bitcoin As Part Of National Reserve Strategy
A Taiwanese politician urged the government to include Bitcoin in its reserve composition during the National Conference. Ju-Chun advocates for Bitcoin alongside gold and foreign currency to enhance financial resilience against economic shocks. He believes even a small allocation of Bitcoin could strengthen Taiwan's financial system. Ju-Chun recently met with Samson Mow, CEO of Jan3, discussing the volatility of fiat currencies and the technical aspects of Bitcoin acquisition. Taiwan currently holds 423 metric tons of gold and $577 billion in foreign exchange assets. Ju-Chun proposed investing up to 5% of a $50 billion reserve in Bitcoin, approximately $2.5 billion. He cited New Hampshire's recent approval for similar actions and mentioned the potential for Taiwan to lead in Asia. Experts warn about Bitcoin's volatility and legal challenges, but Ju-Chun called for lawmakers to explore how central banks could manage Bitcoin holdings effectively.
