Swedish MP Rickard Nordin proposed a strategic Bitcoin reserve, suggesting the government retain confiscated Bitcoin instead of selling it, citing its potential as an inflation hedge similar to gold.
The proposal, submitted as a written inquiry to Finance Minister Elisabeth Svantesson, reflects growing global interest in Bitcoin as a reserve asset, with the U.S. also exploring similar strategies amid economic uncertainty.
Sweden’s cryptocurrency landscape is contradictory, as the state pension fund holds Bitcoin worth over $1.5 million, despite warnings from authorities about its risks, highlighting a divide in governmental policy.
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