Swedish Lawmakers Advocate for National Bitcoin Reserve

Highlights:

• Swedish lawmakers urge the finance minister to explore a national Bitcoin reserve.
• Sweden may build a Bitcoin reserve through confiscated crypto assets, avoiding taxpayer funds.
• Sweden’s Bitcoin reserve proposal is part of a broader international movement.

Swedish lawmakers have recently urged the government to consider including Bitcoin in the nation’s official reserves. This comes after two members of the parliament, Mr Rickard Nordin and Mr Dennis Dioukarev, wrote separate letters to the finance minister of the country, Elisabeth Svantesson. They insisted on a strategy the government should explore in order to include Bitcoin as a form of financial asset.

Dioukarev’s letter of April 14 outlined a tactical approach through which Sweden should start acquiring Bitcoin. Instead of acquiring the cryptocurrency, Dioukarev said that Sweden could keep bitcoins confiscated by law enforcement agencies like the Customs of Sweden or the police rather than liquidating them. This particular approach is similar to the US plan of forming a national Bitcoin reserve using seized assets.

Today I submitted a question to the swedish minister of finance @ElisabethSvan regarding a strategic bitcoin reserve for the centralbank. pic.twitter.com/Wogil1Camj

— Dennis Dioukarev (@DennisDioukarev) April 14, 2025

In his letter, Dioukarev underlined that the U.S. had successfully adapted this model, which started accumulating Bitcoin through asset seizures. This method helps countries construct reserves without necessarily using taxpayers’ money. Dioukarev’s proposal aligns with a current worldwide trend in which countries are considering adopting Bitcoin in their economic plans. Especially in the face of uncertain economic conditions and inflation.

Rickard Nordin’s Call for a Broader Bitcoin Strategy

On April 8, a day before Dioukarev’s letter, Rickard Nordin, a Swedish Member of the European Parliament, also wrote his own letter. He suggested that Sveriges Riksbank, Sweden’s central bank, should reconsider its traditional approach to reserve strategy, which is anchored mainly on gold and fiat currencies. Instead, he suggested that Sweden expand its portfolio and include Bitcoin in its official reserves.

JUST IN: 🇸🇪 MP Rickard Nordin asks Sweden’s finance minister about the inclusion of #Bitcoin for their reserves. pic.twitter.com/BhmNhhs36i

— Bitcoin Magazine (@BitcoinMagazine) April 7, 2025

Nordin also pointed out that Bitcoin plays an important role in the world economy since it has gradually become a store of value and a hedge against inflation. He also pointed to the specifics of its use as a financial instrument for individuals, especially in such countries where banking systems are either insecure or lack authority. Due to its decentralized structure, it is perfect for those people living under authoritarian regimes. It also provides them a facility to store value and make transactions without any hindrance.

For Nordin, Bitcoin is not just an economic asset but a technology that supports democracy and freedom. He stated that the lack of censorship applies to the vision of the freedom of every individual and human rights in Sweden. For this reason, it becomes easier for it to fit into the financial plan of the country.

Global Trend Towards Bitcoin Reserves

The latest proposals made by Sweden are part of the recent global conversations on the use of Bitcoin in national financial strategies. In January of this year, the head of the Czech National Bank, Aleš Michl, stated that Bitcoin could become a diversification tool for national reserves. Another French politician, Sarah Knafo, called for European nations to consider adopting Bitcoin as a form of reserve instead of focusing solely on CBDCs.

According to FT, Czech Central Bank Governor Aleš Michl plans to propose investing 5% of its 140 billion euro reserves in Bitcoin to diversify its assets. If the proposal is approved, the Czech Central Bank will become the first Western central bank known to hold crypto assets.…

— Wu Blockchain (@WuBlockchain) January 29, 2025

Furthermore, in March, the US made a step forward when President Donald Trump signed an executive order to create a national Bitcoin reserve. This is aimed at establishing a sovereign Bitcoin reserve through holding seized funds that will not require taxpayers’ money to purchase Bitcoin.