Bitcoin as Geopolitical Insurance for Taiwan
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bitcoin as Geopolitical Insurance: A Research Fellows Proposal for Taiwan
A research fellow at the Bitcoin Policy Institute suggests Taiwan add Bitcoin to its reserve assets to safeguard against global turmoil and potential conflict with China. Langenkamp argues Bitcoin remains accessible during blockades or invasions, unlike gold or dollars. Taiwans central bank previously considered a national Bitcoin reserve but opted for the US dollar due to volatility, liquidity, and custody concerns. However, Taiwans heavy reliance on dollar assets exposes it to risks from US debt, money printing, and potential hits to tech sectors. Bitcoin could provide a stronger hedge when paired with gold, offering Taiwan a competitive edge before other nations follow suit. Taiwan already holds over $14 million worth of Bitcoin seized from crimes, and the central bank plans to test Bitcoin technology further in a digital sandbox. Experts believe custody and volatility worries can be addressed with proper setups, making Bitcoin a viable option for geopolitical insurance, smoother trade options, and monetary resilience.
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