Earlier this month, Taiwanese legislator Ko Chih-en called for the government to consider adding Bitcoin to its national foreign exchange reserves. At a recent financial technology conference, Ko proposed that even a small allocation—0.1% of GDP, or around $780 million—could offer strategic benefits. Citing Bitcoin's fixed supply and resistance to censorship, he argued that it could serve as a modern hedge alongside traditional assets like gold and foreign currencies.

Ko Chih-en posted on X after holding talks with a well known Bitcoin supporter Samson Mow, someone who has previously promoted adoption by countries such as El Salvador. 9.5.25

This move comes amid a continued rise in concerns about global economic uncertainty and the potential risks of overreliance on the U.S. dollar. Ko described Bitcoin as “the gunpowder of the digital era,” highlighting its value in an increasingly digitized and geopolitically complex world.

A Growing Global Trend

Taiwan’s proposal is part of a broader international shift toward recognizing Bitcoin as a strategic asset. Countries like Ukraine are said to be considering on whether to hold Bitcoin in their national reserves as well. In the U.S., states such as New Hampshire have passed bills allowing a portion of government funds to be invested in crypto. El Salvador, of course, famously holds Bitcoin as part of its reserves, while discussions are underway in Argentina, Russia, Japan, and other jurisdictions.

Matthew Sigel, head of digital assets research at VanEck commented on the Ukrainian Bitcoin reserve matter via X.

These moves all signify a changing mindset at the governmental level—a position that sees digital assets as instruments of financial sovereignty and strategic diversification.

Positioning for the Future

Taiwan’s regulatory environment is also evolving to support this vision. The Financial Supervisory Commission recently released a draft Virtual Asset Management Act, laying out frameworks for licensing, custody, and stablecoin oversight. Institutional crypto custody pilots are expected later this year, setting the stage for safer and more robust integration of digital assets.

Ko’s proposal aligns with these developments and suggests that Taiwan is not only open to innovation but actively preparing for a more digitized financial future. While volatility and risk management remain important considerations, the overarching direction is clear: Bitcoin is gaining legitimacy as part of national financial strategies.

Bitcoin recently flipped the Taiwanese dollar in market capitalization

Taiwan’s interest in Bitcoin as a reserve asset is another strong endorsement for the crypto industry. It shows that forward-thinking governments are beginning to embrace Bitcoin not just as an investment, but as a core component of economic resilience. This growing momentum from both emerging and developed markets bodes well for broader adoption—and validates the role of digital assets in the next generation of sovereign finance.

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