- Swedish lawmakers from the Sweden Democrats proposed a study to consider a national Bitcoin reserve.
- The motion suggests Bitcoin could diversify Sweden’s reserves and protect against inflation.
- The proposal follows other countries and U.S. states that have explored or established digital asset reserves.
- Proponents argue Bitcoin’s independence from state monetary policy could reduce reserve asset correlation.
- Financial institutions caution about Bitcoin’s volatility, illiquidity, and fraud risks compared to traditional assets.
Two members of the Sweden Democrats, Sweden’s second-largest political party, have submitted a motion urging the Swedish government to study the creation of a national Bitcoin reserve. The proposal was filed on October 1 in Sweden’s parliament, the Riksdag.
The lawmakers, Dennis Dioukarev and David Perez, asked for the government to investigate how a Bitcoin reserve could be established and which authority should manage it. According to the motion, they also recommend the government confirm that it does not plan to redefine legal tender or introduce a central bank digital currency.
The proposal states that Bitcoin could work alongside Gold and foreign exchange to increase Sweden’s financial security. The lawmakers described Bitcoin as “digital gold,” saying it might help diversify Sweden’s assets and offer protection from rising prices.
“By building a strategic Bitcoin reserve, Sweden is positioning itself for a potentially disruptive shift in the global financial infrastructure,” the proposal reads. The motion also argues that traditional reserve assets are closely tied to political and economic risks, while Bitcoin’s value isn’t driven by country-specific monetary policy.
International interest in state-held Bitcoin reserves has grown, especially after the U.S. president signed an executive order this March to create a national Bitcoin reserve using confiscated crypto assets. Countries such as Bhutan and El salvador already hold Bitcoin reserves, while others, including the UK, China/china-debates-how-handle-criminal-crypto-cache-2025-04-15/”>China, and Finland, maintain unofficial reserves from assets seized in criminal cases.
At the U.S. state level, Texas, Arizona, and New Hampshire have passed laws to create their own digital reserves. In Kazakhstan, the government recently launched a crypto reserve containing Binance.com/en-AE/square/post/681762″>BNB, the token linked to the Binance exchange.
A recent paper by Deutsche Bank Research notes central banks are reconsidering their reserve holdings as inflation and geopolitical risks rise. The bank cautions that while Bitcoin is gaining recognition and liquidity, it remains volatile, susceptible to fraud, and less liquid than traditional assets like gold.
Some U.S. lawmakers have criticized the idea of a national Bitcoin reserve. The late Congressman Gerry Connolly called the American plan “unsound fiscal policy” that offers “no discernible benefit” to Americans, according to his statement.
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