TLDR
- Ko Ju-Chun proposed that Taiwan include Bitcoin in its national reserve to enhance financial security.
- The lawmaker emphasized Bitcoin’s role in protecting against global inflation and currency volatility.
- Taiwan holds gold and foreign exchange assets but faces growing concerns over economic uncertainties.
- Ju-Chun met with Bitcoin advocate Samson Mow to discuss potential reserve strategies involving digital assets.
- He suggested that Taiwan allocate up to five percent of its reserve portfolio to Bitcoin.
Taiwan lawmaker Ko Ju-Chun has proposed a national strategy to integrate Bitcoin (BTC) into the country’s diversified financial reserve. He made the recommendation during a National Conference and emphasized its urgency due to economic uncertainties. The move aims to strengthen Taiwan’s financial system and increase long-term economic resilience.
Ju-Chun Recommends Bitcoin as Hedge Against Economic Uncertainty
Ko Ju-Chun urged the Taiwanese government to treat Bitcoin as a viable hedge alongside gold and foreign exchange reserves. He argued that Taiwan faces rising global inflation, making it vulnerable to shifts in the global financial system. Therefore, he recommended adopting Bitcoin to reduce reliance on traditional reserves during uncertain periods.
Taiwan’s export-driven economy continues to experience fluctuations in the New Taiwan Dollar, which has raised concerns among financial experts. Ju-Chun said external factors such as geopolitical tension and inflation have amplified currency instability. This volatility, he noted, highlights the need for reserve diversification through alternative assets.
Taiwan currently holds 423 metric tons of gold and $577 billion in foreign exchange reserves. Ju-Chun believes these are insufficient to absorb currency depreciation shocks or economic disruptions. He maintains that Bitcoin’s inclusion would complement existing reserves and reinforce Taiwan’s financial defense mechanism.
Taiwan’s Strategy May Mirror Global Bitcoin Reserve Trends
The lawmaker referenced global discussions about Bitcoin’s role in national reserves, particularly in countries facing similar economic pressures. He mentioned the growing interest from nations assessing Bitcoin as a tool for safeguarding national wealth. Taiwan’s strategic position in Asia makes such decisions more relevant amid rising global uncertainty.
Ko Ju-Chun recently met with Jan3 CEO Samson Mow to explore Bitcoin reserve models suitable for Taiwan. Jan3 promotes national Bitcoin adoption and supports countries transitioning to decentralized financial infrastructure. Following this meeting, Ju-Chun reiterated that Bitcoin’s features make it a strong candidate for national reserves.
Other countries and U.S. states are also reviewing Bitcoin’s potential in their economic strategies. Ju-Chun cited New Hampshire’s decision to allocate 5% of its treasury to Bitcoin as a model. He stressed that Taiwan should prepare now, rather than wait until economic disruptions intensify.
Proposal Targets 5% Bitcoin Allocation from Taiwan’s Reserve
Ju-Chun proposes that Taiwan allocate up to 5% of its $50 billion reserve portfolio to Bitcoin, amounting to $2.5 billion. This move would aim to build a diversified, robust financial foundation for the nation. He emphasized that the move does not replace existing assets but adds resilience to Taiwan’s reserve structure.
The lawmaker acknowledged Bitcoin’s fixed supply, decentralization, and censorship resistance as core strengths that could benefit Taiwan’s economy. These characteristics, he explained, offer unique advantages during global financial volatility and unpredictable market conditions. He believes Taiwan should lead in financial innovation by incorporating digital assets.
While some global powers have opposed the adoption of Bitcoin reserves, Ju-Chun insists that Taiwan must act in its own strategic interest. He stressed that Taiwan should not delay critical financial reforms while others debate. For him, adopting Bitcoin is a proactive measure to secure Taiwan’s economic stability.
