$BTC Is Taiwan Prepared for Bitcoin? Ko Ju-chun Proposes a Strategic Change in Reserves

Taiwanese legislator Ko Ju-chun has suggested that Bitcoin be included in Taiwan's official reserves. According to the KMT legislator, Bitcoin could protect Taiwan from economic instability and strengthen its financial resilience. Ko believes that Bitcoin can coexist with gold and other currencies, which could enhance national security and Taiwan's economy.

Ko highlighted the growing importance of distributed assets based on blockchain, such as Bitcoin. He stated that digital assets could diversify Taiwan's reserves and reduce dependence on traditional financial systems. Ko warned that Taiwan could fall behind if it does not seize these opportunities quickly.

This proposal comes at a time of increasing global interest in cryptocurrencies. Just hours before Ko's statement, New Hampshire became the first U.S. state to legalize government investments in cryptocurrencies, including Bitcoin. This change reflects a broader shift in how legislators view cryptocurrencies, not just as speculative investments but as strategic financial instruments.

Ko has proposed that Taiwan allocate up to 5% of its $50 billion in foreign exchange reserves to Bitcoin. This would mean additional digital assets in the country's financial portfolio, alongside gold and foreign currencies. Although still in development, the proposal could spark a broader dialogue about Bitcoin in national economic policy.

The proposal to include Bitcoin in national reserves has become a global trend. Its proponents argue that Bitcoin serves as a hedge against inflation and geopolitical protection. Its decentralized nature and fixed supply make it appealing to countries planning to diversify their assets.