Could Sweden Add Bitcoin To Its National Reserves?

What if Sweden became the next country to integrate Bitcoin into its national reserves? This is the bold question posed by Rickard Nordin, a member of the Swedish Parliament, in a letter addressed to the Minister of Finance, Elisabeth Svantesson. An initiative that could disrupt the country’s monetary strategy.

Bitcoin at the heart of a parliamentary proposal in Sweden

In a world marked by geopolitical instability and persistent inflation, an increasing number of countries are turning to BTC as a strategic asset. In the United States, some states and federal representatives already consider Bitcoin as a digital equivalent of gold. Could Sweden, known for the prudence of its monetary policy, take the plunge?

Richard Nordin invites the government to seriously consider this question. He suggests that the Riksbank, the Swedish central bank, could be authorized to include Bitcoin in the country’s official reserves. This is not a whimsical tech enthusiast’s idea, but a strategic proposal. In his letter sent on April 7, 2025, he highlights the role of Bitcoin as a safe haven asset, an alternative means of payment, and a tool of resistance in authoritarian countries.

Even more interesting: the deputy proposes a solution that has no impact on the state’s budget. According to him, it would be enough to keep the bitcoins seized by the authorities (police, customs) instead of reselling them. A method that has already been successfully tested in the United States, where these seizures have allowed for the creation of a significant reserve without spending a dime.

What will be the reaction of the ECB?

The European Central Bank (ECB) has expressed strong reservations about integrating Bitcoin into national reserves. Christine Lagarde, president of the ECB, stated that the reserves of European central banks must be “liquid, safe, secure” and not associated with criminal activities, suggesting that Bitcoin does not meet these criteria. Thus, a potential adoption of Bitcoin by Sweden in its national reserves could provoke strong criticism from the ECB and other European institutions.

This proposal brings the Bitcoin debate to the heart of Swedish politics. It remains to be seen whether Sweden will seize this historic opportunity or continue to watch the digital asset train pass by! This comes at a time when the Czech Republic may invest 7 billion dollars in a BTC reserve.