Dr. Ko Rujun: Bitcoin is the hot weapon of the digital age! Taiwan should include BTC in its reserves.

Bitcoin returned above $100,000, and legislator Dr. Ge Rujun (Dr. Bao) called on the Taiwan government to include bitcoin in multiple reserves today at the Legislative Yuan forum to increase financial resilience. (Synopsis: Bitcoin's market value returns to $2 trillion, surpassing e-commerce leader Amazon (Amazon) to become the world's fifth largest asset) (Background supplement: Arthur Hayes predicts: Bitcoin 150,000 magnesium at the end of the month!) Rush $1 million in 2028, U.S. Treasury dominates global liquidity ) In the face of escalating global geopolitical tensions, Legislator Ge Rujun raised a warning against Taiwan's financial stability at the National Forum of the Legislative Yuan today (9). He pointed out that as an economy highly dependent on exports, Taiwan's new Taiwan dollar exchange rate has recently become more volatile, which has brought challenges to the overall economy. Ge Rujun called on the government to face up to this problem and actively evaluate the inclusion of new types of assets such as bitcoin in national reserves to strengthen financial resilience. Taiwan currently has strong reserves of about 423 tonnes of gold and foreign exchange reserves of up to US$577 billion. However, Ge Rujun pointed out that more than ninety percent of them are invested in US Treasury bonds, and the safety and liquidity of assets may face a test in the extreme scenario of severe market volatility or escalation of regional conflicts in the future. "Eggs should not be in the same basket," Ge Rujun said, adding that in the face of the potential risks of traditional asset allocation, Taiwan should consider introducing new financial instruments such as bitcoin. He explained that Bitcoin has been verified by the market for more than ten years, and its characteristics such as fixed total volume, decentralization and censorship resistance have made it known as "digital gold". According to a 2023 SSRN Social Science Research Network report, the price correlation coefficient between Bitcoin and gold reached 0.6 during the financial market turmoil, indicating that it has certain safe-haven properties. Ge Rujun also cited international cases to point out that some US state governments have begun to explore the feasibility of including bitcoin in reserve assets. For example, New Hampshire's recent passage of a bill allowing some public funds to be invested in bitcoin has been discussed in about 28 states across the United States, including the passage of the Arizona House of Representatives, indicating that this trend is gradually expanding. In fact, this is not the first time that bitcoin has been discussed as a reserve asset in China. At the Bitcoin National Reserve Forum held in March this year, former Chief Executive Chen Xi publicly stated: "Bitcoin is not a currency, but it is an inflation-resistant asset." Liu Yiru, professor emeritus of the Department of Finance and Finance at National Taiwan University, also pointed out that compared with the unlimited quantitative easing policies of European and American countries, bitcoin has more potential to fight inflation because of its fixed issuance ceiling. Research by Fidelity, an internationally renowned asset management firm, also shows that Bitcoin's price volatility is declining over time, and its role as a store of value is becoming increasingly solid. Huang Zhifang, chairman of the Foreign Trade Association, also mentioned that the decentralized nature of bitcoin provides a potential option for geopolitically sensitive Taiwan to avoid the risks of the single currency system. Extended reading: Chen Chong asked the central bank governor: Don't you buy bitcoin yet? Financial digital generation stands, don't ignore the US digital gold theory Ge Rujun stressed that he is not advocating that bitcoin is the only solution, but suggested that the government should regard it as one of the tools for multi-asset allocation and allocate a small proportion. He believes that this move can enhance the flexibility and risk hedging ability of Taiwan's sovereign asset allocation, and further strengthen the resilience and adaptability of the overall financial system. "Financial strategies in the digital age should keep pace with the times," Ge Rujun said, citing former chief executive Chen Xi, describing bitcoin as "probably gold, silver, or even gunpowder in the digital age, and smart countries will not let weapons be in the hands of others." He called on the government to actively consider building a more diversified reserve asset structure, prepare for uncertain challenges in the future, and take "diversified reserves and resilient Taiwan" as a solid cornerstone of national development. Related reports Meta solemnly refuted: Never cooperate with China to censor Taiwanese content or share user information The FSC stressed that "Taiwan exchanges should thoroughly investigate money laundering" and expand financial inspection; Guild urges cooperation with regulation Taiwan welcomes the era of crypto investment? Association of Banks to Recommend FSC: Inclusion of Foreign Virtual Asset ETFs in Trust Investment [Dr. Bao Ge Rujun: Bitcoin is a hot weapon in the digital age! Taiwan should include BTC in its reserves" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".