Ko Ju-Chun, a Taiwanese lawmaker, urges the government to consider integrating Bitcoin into its diversified reserve to hedge against economic uncertainties.
Ju-Chun made the recommendation at today’s National Conference. The Taiwanese lawmaker also took to X to call crypto enthusiasts’ attention to his speech, in which he advocated for Bitcoin investment at the federal level.
Need to Recognize Bitcoin Alongside Gold and Foreign Exchange Reserves
During his speech, Ju-Chun argued that Bitcoin can hedge against global economic uncertainties. Therefore, he advised the Taiwanese government and NGOs to recognize Bitcoin alongside gold and foreign exchange reserves.
In his view, this effort could strengthen the Taiwanese financial system’s resilience and adaptability. The development comes after Ju-Chun met with popular Bitcoin proponent Samson Mow to explore the potential adoption of a BTC reserve strategy in Taiwan.
Mow’s hyperbitcoinization-focused company, Jan3, announced the development yesterday, suggesting that adoption is crucial due to the increased volatility of fiat currencies.
Why Taiwan Should Adopt Bitcoin as a Reserve Asset
Hours after the announcement, Ju-Chun spoke at the National Conference to further advocate for the Taiwanese government’s investment in Bitcoin. According to him, Taiwan, which is an export-driven economy, has experienced significant fluctuations in the value of its fiat currency, the New Taiwan Dollar (NTD).
He attributed this volatility to global inflation and other geopolitical risks. Previously, countries have leveraged gold and other foreign exchange reserve assets to hedge against these economic uncertainties.
Notably, Ju-Chun also disclosed that Taiwan has 423 metric tons of gold in its reserves and an additional $577 billion worth of foreign exchange assets. However, following recent economic uncertainties, government officials like Ju-Chun think these traditional assets are insufficient to protect against major currency volatility and potential regional conflicts.
He emphasized that the Taiwanese government may not be able to guarantee NTD’s security and liquidity during intense economic uncertainties. Therefore, he suggested integrating Bitcoin into the national reserve.
The lawmaker highlighted several reasons why he believes Bitcoin is a suitable addition, including its decentralized nature, fixed supply, resistance to censorship, and resilience for over 15 years.
He disclosed that several countries are already exploring Bitcoin’s hedging properties and urged Taiwan to do the same.
Ju-Chun Wants 5% of Taiwan Reserve Allocated to Bitcoin
Meanwhile, the legislator stressed that while Bitcoin is not the only solution to growing economic challenges, the Taiwanese government needs to hold a small fraction of the cryptocurrency in reserve.
Earlier this month, Ju-Chun revealed that Taiwan could allocate up to 5% of its $50 billion reserve to Bitcoin, representing $2.5 billion.
Taiwan 🇹🇼 could follow suit! We could allocate a maximum of 5% of our $USD 50 billion reserve to $BTC. https://t.co/HmOTkf9gqy
— 科技立委葛如鈞 Ko Ju-Chun (@dAAAb) May 7, 2025
He made this suggestion following reports that New Hampshire has become the first U.S. State to authorize allocating 5% of its treasury to Bitcoin.
Since Donald Trump ordered the creation of a strategic Bitcoin reserve in the U.S., several nations and states have been deliberating on whether to follow suit. While the U.S. strongly advocates for this initiative, countries like the U.K. and Japan have kicked against adopting BTC as a reserve asset.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
