Taiwan legislator proposes using $2.5B of $602B FX reserves to buy bitcoin as a geopolitical hedge.

Taiwanese legislator Ko Ju-Chun formally proposed allocating about $2.5 billion of Taiwan's $602 billion foreign exchange reserves into bitcoin. The proposal aims to reduce Taiwan's heavy reliance on dollar assets, which pose currency devaluation and geopolitical risks, especially amid tensions with China. Bitcoin is highlighted for its fixed supply, decentralization, and resistance to seizure, making it a strategic reserve asset alongside gold and foreign currency. While no decision has been made yet, this move places Taiwan among countries like the U.S. and Brazil that are debating bitcoin as a reserve asset.