Sweden Eyes Bitcoin Reserve, Is A Bitcoin Arms Race Coming?

Two members of Sweden’s parliament have called on the government to explore creating a national Bitcoin reserve, marking the latest push by a European country to consider Bitcoin as part of its financial holdings.

The motion, filed Oct. 1 by Swedish Democrats Dennis Dioukarev and David Perez, asks the Riksdag to task the government with investigating how a Bitcoin reserve could be established and which authority would oversee it. 

“By building a strategic bitcoin reserve, Sweden is positioning itself for a potentially disruptive shift in the global financial infrastructure,” the motion stated.

The lawmakers also urged the government to commit to not changing the…

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