Taiwan is moving closer to formally studying Bitcoin as part of its national strategic reserves, amid growing political support and rising concerns over currency stability.
Specifically, he noted that officials will examine regulatory options, create a policy framework, and test limited Bitcoin holdings. According to Cho, the trial phase may begin with seized Bitcoin currently awaiting auction.
To counter this, the central bank purchased $10.12 billion in May, a move aimed at stabilizing the currency.
Although the intervention eased short-term pressure, it also reignited debate over the island’s dependence on U.S. dollar assets.
Former Premier Calls for Broader Reserve Strategy
Former Premier Chen Chong has long warned that Taiwan relies too heavily on the U.S. dollar For instance, in 2023, he criticized Taiwan’s limited gold reserves, observing that France and Germany hold considerably larger amounts of gold.
Chen has since argued that the central bank stayed too focused on stable, U.S.-linked assets, thereby creating concentration risks.
Similarly, Chinese Nationalist Party (KMT) Chairman Eric Chu questioned Taiwan’s large holdings of U.S. debt. He asked how much of those assets Taiwan could actually redeem during a crisis.
Diversification Trend Extends Beyond Taiwan
Meanwhile, global reserve managers are moving in a similar direction. A recent survey of 75 central bank managers found that 60% plan to diversify their portfolios within the next two years.
Additionally, 73% expect the share of U.S. dollars in global reserves to decline due to geopolitical tensions and policy uncertainty.
Furthermore, several countries have begun exploring Bitcoin as part of their fiscal strategy. The United States recently created a Strategic Bitcoin Reserve under President Donald Trump. Similarly, El Salvador and Argentina have adopted policies promoting Bitcoin to address inflation and dependence on centralized monetary systems.
If Taiwan adopts even a limited Bitcoin reserve plan, it could lead the region in digital asset adoption. Such a shift could influence how other Asian economies evaluate Bitcoin’s role in traditional financial systems.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin 8-Hour Average Funding Rate Turns Negative at -0.01%
Gate News message, April 22 — According to Coinglass data, Bitcoin's 8-hour average funding rate across the network currently stands at -0.01%, indicating a slight bearish sentiment among futures traders.
Among major exchanges, funding rates vary: one exchange at -0.0007%, another at -0.0033%, a th
GateNews6h ago
BTC 24H up 5.01%, current price 79399.3 USDT
Gate News bot message, Gate market data shows, BTC has risen 5.01% in the last 24 hours, current price is 79399.3 USDT.
CryptoRadar6h ago
MicroStrategy Could Drive Bitcoin to $10M If It Accumulates 7.5% Supply, Saylor Says
MicroStrategy aims for 7.5% of Bitcoin supply, implying $10M per BTC; as of Apr 19 it held 815,061 BTC (~3.88%) for $61.56B, needing ~3.62% more to target saturation in Saylor’s long‑term accumulation plan.
Abstract: MicroStrategy seeks to accumulate roughly 7.5% of Bitcoin supply, a threshold Saylor suggests could push BTC to about $10 million and slow purchases thereafter. By April 19 it owned 815,061 BTC (≈3.88% of supply) for $61.56B and would require about 3.62 percentage points more to reach the target, indicating a approaching saturation of its long-run accumulation strategy.
GateNews7h ago
Bitcoin Liquidation Levels: $28.21B Long Liquidations at $74,951, $16.13B Short Liquidations at $82,741
Gate News message, April 22 — According to Coinglass data, if Bitcoin falls below $74,951, cumulative long liquidations across major centralized exchanges would reach $28.21 billion.
Conversely, if BTC breaks above $82,741, cumulative short liquidations across major CEXs would reach $16.13 billion.
GateNews8h ago
Bitcoin and Ethereum Spot ETFs Record Consecutive Net Inflows; BTC ETFs Reach $99.08B in Assets
Abstract: Bitcoin and Ethereum spot ETFs posted net inflows on Apr 21, extending multi-day streaks. BTC inflows were led by BlackRock’s IBIT and Grayscale, with GBTC outflows; ETH inflows were led by ETHA, with ETHE outflows.
Summary: Bitcoin and Ethereum spot ETFs posted Apr 21 inflows, extending gains; BTC led by IBIT and Grayscale with GBTC outflows, NAV $99.08B (6.54%). ETH inflows topped by ETHA, ETHE outflows; NAV $13.66B, inflows $12.05B.
GateNews8h ago
Expert Observes a Bullish 90-Day Bitcoin Pattern Repeating, BTC Could Hit $145,000 ATH Target
Expert observes a bullish 90-day Bitcoin pattern repeating.
He declares accumulation phase complete and expects manipulation phase to start.
BTC could hit $145,000 ATH target in the final distribution phase.
The crypto market has been moving in an upwards direction after weeks of
CryptoNewsLand8h ago
