Taiwan Lawmaker Pushes Government to Consider Bitcoin Strategic Reserve

A Taiwanese lawmaker is advocating for the government to include Bitcoin in its reserve assets amid fears about reliance on U.S. debt and China's economy. The debate occurred in Taiwan's parliament, where Premier Cho Jung-tai announced an updated reserve assessment and a full inventory of the country's Bitcoin holdings by year-end. Ge Rujun, the legislator leading the push, argues that virtual assets have moved beyond mere speculation to become crucial for national security and financial sovereignty. He criticized the current cautious approach of the government, suggesting that it not wait until 2030 to reassess its stance given the rapid changes in the global financial landscape. Ge also highlighted the need for an inventory of seized Bitcoin to inform future decisions on retention or sale. The issue reflects Taiwan's broader reassessment of its long-term position amid changing global economic dynamics.

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