The Swedish Parliament is considering creating a national bitcoin reserve.
Date: 2025-10-03 Author: Oliver Abernathy Categories: IN WORLD
Sweden Democrats MPs Dennis Diukarev and David Peres initiated discussions in the Riksdag on the creation of a national bitcoin reserve. In an official motion dated October 1, 2025, the parliamentarians called on the government to explore how such a reserve could be constructed and which institution would be responsible for its safekeeping, suggesting the Riksbank as a possible administrator.
Earlier, in April of this year, MP Rikard Nordin submitted a request to Finance Minister Elisabeth Svantesson regarding the prospects of using bitcoin to form a national crypto reserve. In their new motion, Diukarev and Peres emphasized that the initiative does not imply changing the status of legal tender or the introduction of a central bank digital currency (CBDC).
The document notes that bitcoin could serve as a complement to gold and foreign exchange reserves. Lawmakers described the cryptocurrency as "digital gold" capable of diversifying government assets and protecting them from inflation. Similar assessments of Bitcoin have previously been made by BlackRock's head of digital assets, Robert Mitchneck, and US Federal Reserve Chairman Jerome Powell.
The initiative's authors highlight several key advantages of Bitcoin:
- Diversification: The cryptocurrency is not dependent on the political decisions of individual countries or geopolitical factors, unlike traditional currencies and gold.
- Inflation protection: The total supply of Bitcoin is limited to 21 million, preventing uncontrolled issuance.
- Liquidity: The asset is traded 24/7, and transactions are fast and cost-effective.
- Innovation: Bitcoin is already among the world's largest assets, comparable in market capitalization to silver and leading corporations.
According to Companies Market Cap, Bitcoin was the fifth-largest asset in July 2025, and seventh at the time of writing. CryptoQuant forecasts that the cryptocurrency's market capitalization could reach $5 trillion based on the current hash rate.
Sweden's initiative aligns with the global trend of creating state-owned crypto reserves. In the United States, President Donald Trump signed an executive order in March 2025 establishing a national Bitcoin reserve from confiscated assets. Similar measures have already been taken in Bhutan, El Salvador, and the UAE, while the United Kingdom and China are using confiscated digital assets in their reserves. Poland and the Czech Republic are also considering strategic Bitcoin reserves.
Diukarev and Perez believe that placing confiscated Bitcoin under the control of the central bank will allow the reserve to be established without additional budgetary requirements. They emphasized that Sweden could play an important role among countries that recognize Bitcoin's potential and are prepared for the digital transformation of their financial systems.
