Expert Advice: Taiwan Should Consider Bitcoin as Strategic Reserves
Publication Time:2024-08-07 23:06:07
During the 2024 Asia Blockchain Summit, Samson Mow, CEO of JAN3, put forth a forward-thinking proposal recommending that the Taiwanese government allocate a portion of its reserve funds to purchase Bitcoin. Mow emphasized that by accumulating 83,000 Bitcoins, Taiwan could diversify its assets and shield itself from the volatility of traditional financial markets. He believes that as a decentralized cryptocurrency, Bitcoin possesses strong anti-inflation characteristics and is likely to become an important component of global asset allocation in the long term. Moreover, Mow pointed out that with the continuous development of the crypto industry, the value of Bitcoin might increase further, potentially bringing Taiwan economic benefits. However, he also warned that this strategy should be implemented cautiously after a thorough assessment of risks and opportunities to ensure the rationality and sustainability of the decision.
Bitcoin
Blockchain
Strategic Reserves
Asset Allocation
Expert Advice