Taiwan should reconsider Bitcoin reserve in case of war, says think tank
Taiwanese lawmaker Ko Ju-Chun said last year that the country’s Ministry of Justice holds 210 Bitcoins, worth $14 million, confiscated during criminal investigations.
Taiwan should reconsider adopting Bitcoin as a reserve asset to hedge against global turmoil and the risk of war, according to a research fellow at the Bitcoin Policy Institute.
In a report on Tuesday, Jacob Langenkamp said that should China pursue reunification with Taiwan by military force, either through a blockade or full invasion, Bitcoin (BTC) would be the only reserve asset that would remain fully accessible and spendable.
“Uniquely for Taiwan, Bitcoin provides geopolitical resilience: in a PRC blockade or invasion, gold is stranded or seized and USD reserves face potential restrictions, but Bitcoin remains fully accessible without physical transport,” he added.
