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Bitcoin Reserve Proposed as Shield for Sweden’s Economy

Key Takeaways

  • ​Two Swedish Members of Parliament propose a Bitcoin reserve to fight inflation and diversify national assets;
  • The plan proposes using seized Bitcoin, while maintaining existing central bank laws;
  • Lawmakers argued that Bitcoin could add stability and protect Sweden from global financial risks.

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Bitcoin Reserve Proposed as Shield for Sweden’s Economy

Two members of Sweden’s national parliament have suggested that the country should look into creating a Bitcoin BTC $119,237.40 reserve.

Their goal is to mitigate the impact of inflation and diversify Sweden’s financial assets.

The lawmakers, Dennis Dioukarev and David Perez from the Sweden Democrats, presented this proposal to the Riksdag. They suggested that Sweden should take part in what they describe as a "digital arms race".

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To fund the reserve, they raised the idea of using Bitcoin that has been seized by authorities, although they have not yet proposed who would be responsible for managing it.

The proposal also includes a request that the government keep current laws on the country’s central bank unchanged. This would show that Sweden does not intend to introduce a central bank digital currency, at least for the time being.

Dioukarev and Perez argued that adding Bitcoin to Sweden’s reserves, alongside the national currency and gold, could protect the country from risks linked to politics, global events, or economic problems.

Since Bitcoin’s value is not based on any single country’s policies, they noted that it could offer more stability during uncertain times.

They also pointed out that Bitcoin is limited in supply, faster to transfer than traditional money, and has low transaction costs. These features could help guard against rising prices over time.

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Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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