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Taiwan might soon make history as one of the first Asian nations to officially explore Bitcoin as part of its national strategic reserves. According to reports, the country’s central bank and the premier’s office have agreed to study how Bitcoin could be included as a strategic reserve asset and even begin pilot testing using seized Bitcoin before auction.
Taiwan Holding Bitcoin as a National Reserve
According to Bitcoin Magazine, Taiwan Congress Legislator Dr. Ju-chun Ko believes that Taiwan’s economy needs stronger protection from global financial shocks.
With the local currency, the New Taiwan Dollar, showing high volatility this year, Ko has urged the central bank to explore Bitcoin as a backup reserve option.
He pointed out that Taiwan’s current reserves are heavily tied to the U.S. dollar, about 92% of its $577 billion foreign reserves are invested in U.S. Treasury bonds. The country also holds 423 tonnes of gold, but Ko believes that relying mostly on traditional assets limits Taiwan’s financial resilience.
By potentially adding Bitcoin, the country aims to strengthen its financial resilience and hedge against currency fluctuations and global economic pressures.
Samson Mow’s Vision Gains Ground in Asia
The proposal has caught the attention of Bitcoin advocate Samson Mow, who has long promoted Bitcoin adoption at a national level. Mow, known for his role in helping nations like El Salvador implement Bitcoin-friendly frameworks, praised Taiwan’s forward-thinking stance.
He described it as a sign that more countries may soon follow, especially as Bitcoin continues to establish itself as a digital alternative to gold.
Global Momentum Toward Bitcoin Reserves
Taiwan’s move comes as other nations are also testing similar ideas. In the U.S., President Donald Trump recently established a Strategic Bitcoin Reserve worth over $17 billion. Countries like El Salvador and Argentina have also looked to Bitcoin as a tool against inflation and dependence on centralized banks.
If Taiwan successfully implements such moves with this plan, it could become one of the first Asian countries to officially include Bitcoin in its national reserves, a move that could reshape how the region views digital assets in traditional finance.