Two Swedish parliamentarians are proposing that the country enter the international race to accumulate BTC as a national strategic asset.
Sweden could soon join the list of nations considering adopting Bitcoin as a national reserve asset. Two members of the Swedish Parliament, the Riksdag, have formally proposed launching a government inquiry into creating a strategic Bitcoin reserve, aimed at hedging inflation and diversifying national holdings.
The initiative comes from Sweden Democrats Dennis Dioukarev and David Perez, members of a right-leaning party with significant political influence in the Scandinavian government landscape. The proposal, submitted on October 1 to the Riksdag, notes that other global powers are already taking concrete steps toward strategic Bitcoin accumulation.
In the parliamentary document, Dioukarev and Perez state that Sweden should “participate in this digital arms race and join the growing group of nations that have accepted and recognized the potential of Bitcoin.” The central argument revolves around the need not to fall behind other countries positioning themselves strategically in the digital asset sector.
The two parliamentarians suggest funding the strategic reserve through digital assets confiscated by authorities, following a model similar to that of the United States. However, the question of which government authority should physically manage the reserve remains open for now.
Currently, Sweden does not hold any publicly declared bitcoin reserves, according to Bitbo data.
Inflation protection and geopolitical risks
According to the proposal, establishing a strategic Bitcoin reserve would complement traditional national reserves in fiat currency and gold, providing additional protection against global economic and geopolitical risks. Proponents note that conventional reserves are inherently exposed to “political, geopolitical, and economic risks” specific to each country.
“In contrast, Bitcoin’s value is not driven by the monetary policies of individual states or any specific economy, which can reduce the overall correlation in the reserve.” Dioukarev and Perez write in the document.
The parliamentarians highlight several practical advantages of a strategic reserve:
- protection against inflation due to the 21 million coin cap;
- faster transaction speeds compared to traditional currencies;
- negligible transaction costs relative to conventional financial systems;
- diversification of the national portfolio of strategic assets.
The proposal by Dioukarev and Perez follows a broader trend of political initiatives. Last April, Rickard Nordin, deputy leader of the Centre Party, sent an open letter to Finance Minister Elisabeth Svantesson urging the adoption of Bitcoin as a national asset.
