Voices are rising in Sweden for Bitcoin reserves! Responses will be given by April 16, here is the proposal.

2025-04-13 09:41:57

Swedish MP Rickard Nordin officially called on the government to consider adding BTC to the country’s foreign exchange reserves, referring to the global adoption of Bitcoin and its gold-like monetary properties.

In a formal written question to Finance Minister Elisabeth Svantesson, Nordin proposed a strategic change in Sweden’s reserve policy by retaining BTC assets confiscated by authorities such as the police or customs agencies, rather than through direct purchases of Bitcoin. The investigation, which has been registered with file number 2024/25:997, requires the government to respond by April 16.

Nordin stated that the decentralized nature of Bitcoin and its role as a hedge against inflation could benefit Sweden’s financial resilience. Drawing on international examples, he highlighted the increasing interest of U.S. states and federal agencies in digital assets, where Bitcoin is viewed as a modern equivalent of gold during times of geopolitical and economic turmoil.

Nordin said, “Bitcoin is currently used globally as a payment method and a hedge against hyperinflation,” and added, “In authoritarian regimes, it provides individuals with a way to store value beyond state control.”

The member of parliament argued that Sweden could adopt an independent approach to its budget by holding onto the confiscated Bitcoin instead of converting it into cash, a model currently being implemented by some U.S. institutions. This method would allow Sweden to accumulate a strategic digital asset reserve without the need for purchases funded by taxpayers or additional tax burdens.

Currently, the Swedish central bank, Sveriges Riksbank, holds a conservative portfolio primarily consisting of foreign currencies and gold. Nordin has called on the government to reassess its reserve strategy in light of emerging global financial instruments and trends.

The Ministry of Finance has not yet made a statement regarding the proposal, and it remains uncertain whether the government is considering changing the Riksbank’s authorities to include Bitcoin.

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