Is Sweden About to Stockpile Bitcoin? Lawmakers Push for National Reserve

Sweden might be moving toward having Bitcoin in its national reserves. Two Swedish lawmakers have pushed for a formal motion to explore how Bitcoin could sit alongside gold and foreign currencies. This could mark a big shift in how countries think about state assets and financial strategy. What’s the Proposal? Recently, Swedish lawmakers Dennis Dioukarev and David Perez asked the government to investigate creating a national Bitcoin reserve. The motion suggests the government figure out how this reserve could work, who should oversee it, and whether existing authority laws need adjusting. They also want the government to clearly state it won’t change the legal definition of “legal tender” — meaning Bitcoin shouldn’t replace or compete with Sweden’s national currency in official use. The proposal frames Bitcoin as “digital gold,” pointing out its fixed supply and independence from state monetary policy. These features, they argue, give it unique value for diversification. Why Supporters Think It Makes Sense Supporters give several reasons for this idea: • Bitcoin has a capped supply, so it can act as a hedge against inflation and instability • Using seized Bitcoin could help build a reserve without new taxpayer costs • It would diversify Sweden’s reserves beyond just gold and foreign currencies • Clear laws around legal tender and rejecting a central bank digital currency provide stability Possible Challenges & Things to Watch Even though the idea has momentum, there are possible hurdles: • Deciding which authority should oversee or hold the Bitcoin reserve • Volatility in Bitcoin’s price could complicate valuation compared with stable assets • Legal and regulatory complexities, including rules for seized assets and taxation • Public and political skepticism about Bitcoin’s risks and volatility Where This Fits Globally Sweden’s proposal is part of a larger global trend. Other countries are beginning to consider Bitcoin in state financial policy. In the United States, for example, there are already discussions about a strategic Bitcoin reserve, with authorities often acquiring Bitcoin through seizures. Meanwhile, other nations in Europe are also exploring the idea of Bitcoin as part of state reserves. Final Thoughts Sweden’s possible move toward a national Bitcoin reserve could mark a meaningful shift. It’s not only about holding Bitcoin as an asset but also about how a modern state might balance innovation, risk, and stability. If approached carefully — using seized assets, preserving legal clarity, and managing volatility — Sweden could set an example for how governments integrate digital assets into their financial systems.