Sweden considers national Bitcoin reserve

Swedish MPs propose creating a Bitcoin reserve to protect against inflation and diversify assets, signaling openness to digital innovation.

Lawmakers push for Bitcoin adoption

Two members of the Swedish parliament, Dennis Dioukarev and David Perez from the Sweden Democrats, have proposed establishing a strategic Bitcoin reserve. They argue that Sweden should join the “digital arms race” already underway in countries like the United States.

The lawmakers stressed that Bitcoin can serve as a hedge against inflation and global instability. Unlike gold or fiat currencies, its value is not tied to monetary policies of individual states, making it a unique diversification tool.

Bitcoin as protection against inflation

According to the proposal, the reserve could be partially funded with seized digital assets. The MPs also pointed out that Bitcoin’s capped supply of 21 million coins makes it resistant to inflation, while transaction costs remain negligible compared to fiat transfers.

“Bitcoin is currently the world’s sixth-largest asset, already bigger than companies such as Tesla or Meta,” they noted, adding that its role in the economy is only beginning.

Political context and rejection of CBDC

The Sweden Democrats, who support the current ruling coalition, hold significant influence in parliament. Alongside the proposal, they suggested banning changes to the Riksbank Act to prevent the introduction of a central bank digital currency (CBDC).

Sweden is already highly digitalized, with most citizens relying on Swish mobile payments. However, adopting Bitcoin into state reserves would mark a new step, showing the country’s readiness to embrace blockchain innovation and strengthen financial sovereignty.