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A Taiwanese politician urged the government Friday to include Bitcoin in its reserve composition. He made the appeal during the National Conference and amplified the message on X. His purpose is straightforward: incorporate Bitcoin along with gold and foreign currency to assist in protection against shock drops.
Push For Bitcoin In Reserves
In the opinion of Ju‑Chun, Bitcoin is capable of withstanding large fluctuations in the global economy. He informed the conference that introducing even a thin slice of Bitcoin to Taiwan’s asset stack might make the financial system more resilient.
He also appealed to crypto enthusiasts on X, referring them to his speech and asking for feedback. His tone was assertive and straightforward. He explained that this action would not be a substitute for current reserves, but possibly reinforce them.
Meeting With Bitcoin Advocate
According to reports, Ju‑Chun last week had a meeting with Samson Mow, who is the CEO of Jan3, a firm that specializes in extensive Bitcoin adoption. Jan3 released a statement on Thursday emphasizing the imperative for countries to prepare against currency fluctuations through the holding of Bitcoin.
Mow explained to Ju‑Chun that fiat currencies have turned more volatile. Their conversation addressed technical barriers, security requirements and how Taiwan could purchase and hold BTC without risks.
Taiwan is exploring a potential #Bitcoin reserve strategy amid currency volatility, following talks between @Excellion and Legislator Ko Ju-Chun (@dAAAb). 🇹🇼
Read more via @BTCTimescom: 👇 https://t.co/HfUfDWJXWH
— JAN3 (@JAN3com) May 8, 2025
Current Reserve Holdings
Taiwan currently possesses 423 metric tons of gold and some $577 billion in foreign exchange assets. Ju-Chun noted that the New Taiwan Dollar has fluctuated wildly at times. He attributed higher global prices and regional tensions in East Asia as the cause.
He contended that for over 15 years, Bitcoin has demonstrated it can defy external pressure and remain accessible when other assets collapse. That, he added, is worth a place in the national locker.
Taiwan 🇹🇼 could follow suit! We could allocate a maximum of 5% of our $USD 50 billion reserve to $BTC. https://t.co/HmOTkf9gqy
— 科技立委葛如鈞 Ko Ju-Chun (@dAAAb) May 7, 2025
Proposal To Allocate 5%
Ju-Chun proposed that Taiwan invest up to 5% of a $50 billion reserve in Bitcoin. That is approximately $2.5 billion. He mentioned that New Hampshire recently approved the same action, and referenced US President Donald Trump’s directive to create a US Bitcoin reserve. He also mentioned that some large economies, such as the UK and Japan, are still waiting on the sidelines. He indicated that Taiwan can lead Asia if it acts now.
Some experts caution that Bitcoin can rise or fall 10 to 20 % in a week. Others are concerned about the legal steps required to hold a digital asset at the state level. Ju‑Chun said these issues can be contained. He called on lawmakers to examine how central banks could buy, hold and insure Bitcoin. He also requested clear rules to ensure any losses do not spill over into the broader economy.
Featured image from Gemini Imagen, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
