Sweden’s MP Rickard Nordin Wrote a letter to Finance Minister Elisabeth Svantesson to consider including Bitcoin in the foreign reserves. Nordin proposed funding by BTC in reserves through seized Cryptocurrencies by the police and customs authorities.
The letter also deals with the Finance Minister to consider normalizing Bitcoin in the United States and the United Arab Emirates, including nations. MP compared Bitcoin with Gold and explained that BTC will be practical under financial uncertainties. “Its monetary properties are comparable to gold. Especially at a time of increasing geopolitical and economic uncertainty, ” He wrote.
In addition, Nordin emphasized the importance of Bitcoin as a payment option in Sweden if Rouge regimes come to power. “It is also an important way for freedom fighters to handle payments when they are under oppression of authoritarian regimes,” He wrote. Bitcoin is the only digital asset that cannot be controlled by the government and very influential people.
It is an independent digital asset that runs on blockchain technology that has nothing to do with the government and centralization. It is completely decentralized and no unit or government can control or contain it. “Has the Minister and the Government considered the opportunity to give the Riksbank the opportunity to include Bitcoin in Sweden’s currency reserves, and will the minister and the government act to give the Riksbank such an opportunity?” Nordin summarized it in his letter.
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Will Sweden include Bitcoin in foreign reserves?
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