Two Swedish Member of Parliament have submitted suggestions independently to include Bitcoin (BTC) in the national reserves of Sweden. The initiatives, submitted by Rickard Nordin (Center Party) and Dennis Dioukarev (Swedish Democrats), advocate a strategic and budget -neutral approach. The inspiration is partly from current developments in the United States, where Cryptocurrencies play an increasingly important role in national financial policy.
BTC as a supplement to gold and traditional currencies
On April 8, Nordin sent an open letter to Finance Minister Elisabeth Svantesson with the proposal to include BTC in the official state reserves of Sweden.
A week after Nordin’s initiative, Dioukarev added the proposal: BTC Do not have to be acquired with taxpayers’ money, but could be built up by cryptocurrencies that were confiscated in the context of criminal investigations.
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 (@Denisdioukarev) April 14, 2025
The Swedish MP published the letter on X with the proposal, the American example to follow.
Sweden is currently holding reserves in gold, foreign currencies and government bonds. BTC could be added as a modern alternative.
According to Nordin, BTC offers protection against inflation, acts as a digital gold standard and can help citizens worldwide to secure their assets in times of instability.
International trend continues
The Swedish proposal is part of a larger worldwide movement. In the United States, President Donald Trump signed a implementing regulations for the establishment of a national BTC reserve in March. The Central Bank of the Czech Republic is also considering taking BTC as part of its strategic assets.
Although Sweden within the EU has so far been more careful when dealing with cryptocurrencies, this proposal could be a significant change of course. He could provide Sweden a pioneering role within Europe in state participation in the crypto sector.
The establishment of a BTC reserve could make Sweden more independent in view of the global financial unrest. In the EU, too, countries are increasingly being forced to look for alternative solutions due to increasing inflation and falling purchasing power of Fiat money.
No reaction, but increasing attention
So far, Minister Svantesson has not reacted publicly to the suggestions. Nevertheless, the topic is now the subject of public discussions in Swedish media and political circles.
Analysts regard a pilot project – for example with a part of the cryptocurrencies confiscated – as a sensible beginning.
In the coming months it will be shown whether Sweden is taking the step and is the first country in Europe BTC in its national reserves.