Another Swedish Politician Advocates for Inclusion of Bitcoin in National Reserves

Once again, a Swedish politician is bringing Bitcoin to the forefront of national discussions.

On Monday, Dennis Dioukarev, a Member of the Riksdag representing the Sweden Democrats, formally inquired Finance Minister Elisabeth Svantesson about the possibility of implementing a national strategy to acquire Bitcoin using confiscated assets.

“This is a trend observed in numerous countries,” he stated, alluding to the U.S. government’s initiative to create a strategic Bitcoin reserve from seized funds. “Is this something the minister and the government are contemplating?”

Dioukarev’s proposition follows a similar appeal from MP Rickard Nordin, who on April 8 urged the same minister to reconsider Sweden’s cautious stance regarding its reserves in light of Bitcoin’s increasing global significance.

“Many international actors view Bitcoin as a safeguard and a buffer against inflation,” Nordin emphasized. “It serves as an essential medium for freedom fighters to manage payments while enduring oppression from authoritarian regimes.”

These dual proposals signify an emerging shift across Europe as legislators begin to embrace Bitcoin’s geopolitical influence.

In March, U.S. President Donald Trump issued an executive order aimed at establishing a national Bitcoin reserve, funded through the retention of seized cryptocurrency assets rather than purchases.

This order empowers the Treasury and Commerce Departments to seek budget-neutral methods to enhance those holdings.

According to White House AI and Crypto Czar David Sacks, the order also establishes a separate Digital Asset Stockpile, comprised of non-Bitcoin assets sequestered through legal actions.

Bitcoin Worldwide

In other developments, Czech National Bank Governor Aleš Michl has proposed the inclusion of Bitcoin in the nation’s $7 billion foreign reserves, describing it as a potent “diversification” asset for the country’s resources.

Italy has also seen some backing from political circles for both public and private investments in Bitcoin.

In January, Intesa Sanpaolo, Italy’s largest banking institution, acquired 11 Bitcoins at approximately $1 million, marking a historic first for an Italian bank to invest directly in cryptocurrency.

However, these advancements contrast with the broader stance of Europe. In January, ECB President Christine Lagarde rejected Bitcoin as “unsafe,” asserting, “I firmly believe that Bitcoin will not find its way into the reserves of any central banks.”

Currently, Bitcoin trades at $85,586.92, reflecting a 1.5% increase over the last 24 hours, according to CoinGecko data. The leading cryptocurrency remains 21.3% below its all-time high of $108,786, reached on January 20, just prior to Donald Trump’s inauguration as U.S. President.

Edited by Sebastian Sinclair