Bitcoin (BTC) Call Came From Country That Has Been in Tension With China For A Long Time!

While the Bitcoin reserve issue continues to be discussed all over the world under the leadership of the USA, the latest proposal came from Taiwan. At this point, Taiwanese lawmakers called for Bitcoin to be added to national reserves. Taiwanese lawmaker Ko Ju-Chun has called on the government to add Bitcoin as a reserve alongside gold and foreign currencies as part of a diversified reserve strategy. According to Wu Blockchain’s X, BTC’s hedging capabilities could help increase the resilience and flexibility of Taiwan’s financial system. In his speech at the National Conference, Ko touched on Bitcoin’s potential as a hedge against global economic risks, stating that Taiwan should recognize Bitcoin alongside its gold and foreign exchange reserves to increase its financial resilience. Ko noted that Taiwan has an export-oriented economy and that there have been significant fluctuations in their national currency, the New Taiwan dollar, due to global inflation and increasing geopolitical risks. “We currently have 423 tons of gold reserves and our foreign exchange reserves, including investments in US Treasury bonds, amount to $577 billion. I think Bitcoin should also be added to Taiwan’s reserves, as it is very likely that Taiwan will not be able to provide security and liquidity in a scenario of more intense currency volatility or potential regional conflict. “In addition, Bitcoin has been around for over 15 years. It has a fixed total supply, is decentralized, and is censorship-resistant. For these reasons, I believe Bitcoin is a great fit for Taiwan.” *This is not investment advice. Continue Reading: Bitcoin (BTC) Call Came From Country That Has Been in Tension With China For A Long Time!