Two Swedish lawmakers have suggested exploring the possibility of establishing a strategic Bitcoin reserve as a hedge against inflation and to diversify their assets. They have asked the government to guarantee that the laws guiding the central bank’s policy will remain unchanged, ruling out the issuance of a CBDC. Dennis Dioukarev and David Perez, however, told parliament that Sweden should not stand on the sidelines while countries like the US move ahead with reserves, urging it to join the digital arms race. Their proposal primarily urges the government to integrate Bitcoin as a central part of Sweden’s reserves , rather than treating it as an experiment. Swedish lawmakers are urging the government to adopt Bitcoin Dioukarev and Perez suggested the Swedish reserve could be financed with confiscated Bitcoin, though they admitted it’s still unclear who would oversee it. According to Bitbo, Sweden has no official Bitcoin stash . Yet, since November 2024, the government has had the power to seize luxury possessions, including cryptocurrency, regardless of whether they are the primary subject of an investigation. Nonetheless, framing Bitcoin as more than just a speculative asset, the two lawmakers are urging the government to embrace it as part of the national reserve strategy. Dioukarev even cautioned, “We are entering an era where relying solely on gold and foreign currencies is insufficient.” Perez also argued that Bitcoin’s limited supply and global market make it a safeguard for sovereignty, especially as confidence in fiat currencies weakens. The lawmakers added that Sweden risks falling behind Finland and Norway if it stays too cautious. To both Dioukarev and Perez, the scarcity, borderless efficiency, and low-cost base of Bitcoin provide real-world benefits that traditional currency lacks. “Bitcoin is currently the world’s sixth-largest asset, on par with silver and larger than global companies such as Tesla, Meta, and Amazon,” they stated. Dioukarev and Perez say a Bitcoin reserve will certify digital innovation support Observers believe that if Sweden adds Bitcoin to its reserves, it could trigger a chain reaction in Europe, prompting other governments to reassess their approach to digital assets—especially with the US already rolling out a federal Bitcoin reserve. The central focus of the Alem Crypto Fund will be to help spur state-level savings and encourage long-term investments in digital assets. As Cryptopolitan reported, the President of Kazakhstan, Jamart Tokayev, instructed the formation of a national crypto fund to modernize the country’s access to financial tools. The fund will be operated in partnership with Binance Kazakhstan, a locally licensed platform connected to the global Binance family. Moreover, it will start by purchasing BNB tokens and partnering with others to stack the native asset of Binance Chain. “We are proud that Binance Kazakhstan has become the strategic partner of the Alem Crypto Fund. The fund’s choice of BNB as its first digital asset highlights the trust in the Binance ecosystem and marks a new chapter for institutional recognition of cryptocurrencies in Kazakhstan,” said Nurkhat Kushimov, General Manager of Binance Kazakhstan. Dioukarev and Perez believe that a Bitcoin reserve could put the country at the forefront of a major transformation in global finance. The lawmakers explained that Bitcoin could offer Sweden additional protection from the instability that typically rattles conventional reserves, such as those of gold. The lawmakers also said that by owning Bitcoin, Sweden would send a clear message of support for digital innovation. Tracxn counts 85 local crypto businesses in Sweden, with 20 securing $48 million in funding. Get up to $30,050 in trading rewards when you join Bybit today
