Taiwan Lawmaker Puts Bitcoin Reserve Odds at 80% in Five Years: Here's His Roadmap

Taiwanese legislator Dr. Ko Ju-chun has estimated an 80% probability that Taiwan will establish a strategic bitcoin reserve within five years, with the likelihood rising to near 100% within ten years, provided political conditions align.

Dr. Ko, an at-large member of Taiwan’s Legislative Yuan and vice co-chair of its US-Taiwan Caucus, has emerged as a leading advocate for adding bitcoin to the island’s national reserves. In April, he delivered a report by the Bitcoin Policy Institute (BPI) on a potential bitcoin reserve to Premier Cho Jung-tai and central bank Governor Yang Chin-long during a formal legislative session. He urged them to consider an initial allocation from Taiwan’s $602 billion in foreign exchange reserves.

Dr. Ko emphasizes bitcoin as a complement to existing holdings, noting its censorship resistance, neutrality, and ability to move value across borders. He points to examples like Ukraine, Iran, and Bhutan as cases where bitcoin has provided resilience under geopolitical or monetary pressure.

To achieve a bitcoin reserve, Dr. Ko proposes a five-step roadmap: government research, a legal foundation, a small digital-asset reserve framework, a national vault for seized bitcoin, and formal reserve legislation. The research phase is underway through the BPI report and central bank dialogue. The legal foundation was established on June 30 with the passage of the Virtual Asset Service Act, which Dr. Ko calls Taiwan’s ‘CLARITY moment.’

The timeline hinges on political change. Dr. Ko expects a center-right ruling party after the 2028 or 2032 presidential election would accelerate progress. The central bank has engaged cautiously, and no allocation has been approved. However, with two steps completed, Dr. Ko remains confident in his estimate.

Source: https://news.bitcoin.com/taiwan-bitcoin-reserve-80-percent-ko-ju-chun/