Swedish MP Proposes Adding Bitcoin to National Reserves
April 8, 2025 — A Swedish lawmaker is calling for the inclusion of Bitcoin in the country’s foreign exchange reserves, citing the digital asset’s growing global significance as a store of value and hedge against inflation.
Rickard Nordin, a Member of Parliament, formally submitted the proposal to Finance Minister Elisabeth Svantesson, urging the government to consider Bitcoin as part of Sweden’s official reserve assets. In his letter, Nordin emphasized Sweden’s long-standing tradition of conservative financial management, with reserves currently held primarily in foreign currencies and gold.
“Many international actors view Bitcoin as a store of value and a hedge against inflation,” Nordin wrote. “In several parts of the world, Bitcoin is used both as a means of payment and as protection against currency devaluation.”
Beyond its economic potential, Nordin highlighted Bitcoin’s role in promoting financial freedom. He described it as “an essential tool for freedom fighters” operating under authoritarian regimes, enabling access to global financial networks when traditional systems are restricted.
Echoes of U.S. Policy
The proposal mirrors a similar move in the United States. In March, President Donald Trump signed an executive order establishing a national Bitcoin reserve, funded by assets seized in criminal investigations. That initiative instructed the Treasury and Commerce Departments to explore cost-neutral strategies for expanding the reserve without burdening taxpayers—an approach Nordin has suggested Sweden could adopt.
Growing Global Interest
Sweden is not alone in considering Bitcoin as part of its financial strategy. Earlier this year, the Governor of the Czech National Bank proposed a similar review of Bitcoin’s potential role in diversifying foreign reserves, reflecting a broader trend among institutions looking to digital assets amid evolving economic and geopolitical conditions.
As global discussions around digital finance continue to grow, Sweden’s proposal marks another step toward mainstream institutional recognition of Bitcoin as a viable asset in national financial planning.
Featured image from: cointelegraph.com