Swedish Lawmaker Pushes for Bitcoin in National Reserve Strategy
A Swedish member of parliament has called on the government to consider adding Bitcoin to the country’s foreign exchange reserves, signaling growing interest in crypto adoption across Europe.
Rickard Nordin, a sitting MP, submitted a formal letter to Finance Minister Elisabeth Svantesson on April 8, urging Sweden to diversify its reserves beyond traditional currencies and gold.
Bitcoin as a Hedge and Symbol of Freedom
Nordin argued that Bitcoin offers more than just speculative value. In his letter, he highlighted its global use as a hedge against inflation and a practical payment method, particularly in regions plagued by authoritarian rule.
“Sweden has a tradition of a conservatively managed reserve, dominated by fiat currencies and gold,” he wrote. “But digital assets like Bitcoin are rapidly gaining traction globally as both a financial hedge and a tool for freedom.”
He added that Bitcoin’s decentralized nature makes it a lifeline for dissidents and freedom fighters facing economic oppression under repressive regimes.
Following Global Momentum
Nordin’s proposal echoes recent moves by the United States and other countries reevaluating their reserve strategies amid rising inflation and geopolitical instability. The suggestion reflects a broader shift in Europe’s stance on digital assets, which have increasingly become part of mainstream financial and policy discussions.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a "detective-like" mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
