A Taiwanese lawmaker has officially proposed that the government consider investing some of Taiwan’s $602 billion in foreign currency reserves into bitcoin.
Key Takeaways:
- Legislator Ko Ju-Chun presented a BPI bitcoin reserve report to Taiwan’s premier and central bank.
- Taiwan’s $602B FX reserves are over 80% in dollar assets, which BPI says creates currency exposure risk.
- No decision yet, but the move places Taiwan alongside the U.S. and Brazil in the bitcoin reserve debate.
A Direct Pitch to the Premier and the Central Bank
On April 29, 2026, Dr. Ko Ju-Chun, a member of Taiwan’s Legislative Yuan, delivered the Bitcoin Policy Institute’s (BPI) report on bitcoin reserves directly to Premier Cho Jung-tai and Central Bank of China Governor Yang Chin-long during a formal interpellation session. The report, written by Jacob Langenkamp and published in March 2026, lays out the trade, economic, and security case for holding bitcoin as a reserve asset alongside gold and foreign currency.
The proposal focuses on Taiwan’s large reserves of foreign currency – around $602 billion. Most of these reserves, over 80%, are held in U.S. dollars. Ko Ju-Chun and the BPI point out that this makes Taiwan vulnerable to a decline in the dollar’s value, and importantly, raises concerns that these dollar-held assets could be frozen or become unavailable if tensions with China increase.
The initial allocation floated is approximately $2.5 billion in bitcoin, less than 0.5% of total reserves, a modest entry point, but a symbolically significant one.
Bitcoin as a Geopolitical Hedge
The argument Ko Ju-Chun is making is not new in structure, but it carries distinct weight in Taiwan’s context. The BPI report explicitly cites bitcoin’s fixed supply, decentralization, and resistance to seizure as attributes that make it uniquely suited to Taiwan’s security situation (since it cannot be frozen by a foreign government or cut off through a SWIFT-style financial blockade).
The framing also mirrors arguments now circulating across multiple jurisdictions. In the U.S., speculation surrounding a reserve’s creation has extended to four nations, with relevant legislation advancing in at least 15 U.S. states. Brazil has also reintroduced legislation that would allow up to 1 million BTC in national reserves.
What makes Taiwan’s action noteworthy is *how* it was done. Instead of just suggesting the idea publicly, Ko Ju-Chun formally presented a report on the matter directly to the officials in charge of Taiwan’s financial policy, making it an official part of the legislative discussion. Even if Taiwan doesn’t take action based on this report, it has now brought the issue to the attention of key decision-makers.
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2026-05-03 02:27