Bitcoin Reserve Proposal Reaches Swedish Parliament

• Sweden considers study on national Bitcoin reserve to diversify assets and hedge inflation.
• Global trend grows as U.S., Kazakhstan, and European nations explore state-backed crypto reserves.
• Debate continues with banks citing volatility while lawmakers see Bitcoin as “digital gold.”

A new motion has been introduced in Sweden’s parliament to examine the possibility of establishing a national Bitcoin reserve. The proposal, filed by two members of the Sweden Democrats on October 1, urges the government to launch a study on how such a reserve could be structured and which authority should oversee it. The lawmakers also requested confirmation that the government will not alter the definition of legal tender or pursue a central bank digital currency.

The motion presents Bitcoin as a viable complement to gold and foreign exchange holdings. Described as “digital gold,” it is viewed as a way to diversify state assets and provide a hedge against inflation. Supporters argue that a Bitcoin reserve could prepare Sweden for major changes in global financial infrastructure.

Lawmakers Seek Strategic Bitcoin Reserve

The motion was submitted by Dennis Dioukarev and David Perez, representatives of the Sweden Democrats, the second-largest party in the Riksdag. They stated that Sweden should align itself with other countries moving toward cryptocurrency reserves. According to the lawmakers, adopting Bitcoin into state-level holdings could reduce dependence on politically sensitive asset classes.

“By building a strategic Bitcoin reserve, Sweden is positioning itself for a possible disruptive shift in the global financial infrastructure,” the document stated. Proponents maintain that while global monetary and geopolitical policies influence traditional reserves, Bitcoin’s value operates independently of individual states.

International Momentum on National Bitcoin Reserves

Several countries have already introduced policies linked to digital asset reserves. In March, U.S. President Donald Trump signed an executive order to establish a federal Bitcoin reserve, funded with confiscated assets. Nations such as Bhutan and El Salvador previously held Bitcoin, but the U.S. decision spurred a wider reassessment.

In Europe, discussions have emerged in Poland and Latvia, while the United Kingdom, China, and Finland maintain unofficial holdings of seized cryptocurrencies. Beyond Europe, Kazakhstan recently launched a state-backed reserve containing BNB, the native token of BNB Chain. In the U.S., states such as Texas, Arizona, and New Hampshire have enacted laws to establish local reserves.

Ongoing Debate Over Bitcoin in State Reserves

The motion in Sweden comes as global financial institutions also consider the role of cryptocurrencies. A recent report from Deutsche Bank Research noted that central banks are rethinking reserve strategies amid inflation and geopolitical risks. While acknowledging Bitcoin’s growing liquidity and institutional involvement, the bank also raised concerns over volatility, fraud, and lower liquidity compared to gold.

The U.S. initiative has faced criticism. The late Congressman Gerry Connolly argued that the reserve offered no clear benefit to Americans and labeled it “unsound fiscal policy.” Sweden’s motion will require further parliamentary review, but its introduction highlights a growing international debate on whether national reserves should incorporate Bitcoin alongside traditional assets.