- Sweden is now also examining the opportunities and risks of Bitcoin in the state financial reserve.
- The first EU state begins the debate about the economical role of Bitcoin. The debate will sooner or later also arrive in Brussels.
Sweden is considering taking Bitcoin in his foreign exchange reserves, since interest in digital assets in national financial strategies is growing. The topic was brought up by the parliamentary deputy Rickard Nordin, and finance minister Elisabeth Svantesson now wants to have it examined in detail. Central banks from other countries have already checked in concrete terms, and El Salvador has already decided and officially introduced Bitcoin Dogar as a second currency next to the dollar. However, there are opposite views whether this is an encouraging or a deterrent example.
In any case, several central banks discuss Bitcoin as an instrument of monetary policy, and now also Sweden. It is likely to be a sign of changing a previously reserved position compared to cryptocurrencies.
The suggestion
In his written Inquiry At the Ministry of Finance, the MP Nordin mentions the global trend that Bitcoin countries are included in their financial system. He refers to El Salvador’s step to introduce Bitcoin as a legal means of payment and found that the country was a pioneer in the introduction of cryptocurrencies. Sweden should check the opportunity to include Bitcoin in the country’s foreign currency reserves.
Nordin uses geopolitical and economic fluctuations to make the proposal to use bitcoins properties such as gold as a reserve currency. He also questions that Bitcoin is an inflation protection and an instrument for people in a repressive regime, and as we can see, it strengthens its position in the world financial system.
Sweden has not issued any regulations that would ban Bitcoin from the reserves, but the proposal triggered a debate. The proposal, since the Swedish central bank, the Riksbank, cryptocurrencies, especially Bitcoin, are very skeptical.
Sweden’s careful approach
Sweden has held back to digital currencies. In March 2024, Erik Thedéen, Governor of the Riksbank, said that Bitcoin had no place in the Swedish financial system. He said the cryptocurrency was too volatile and speculative to be part of the Swedish economy.
Thedéen’s comments repeated earlier warnings from the Swedish regulatory authorities, which in 2021 demanded a possible EU-wide ban on the energy-intensive proof-of work mining procedure.
However, there is no law that excludes the inclusion of virtual currencies in foreign exchange reserves. This leaves space for the answer to Nordin’s question, as well as for the question of the need to expand the Swedish financial initiative to Bitcoin.
Global context and influences
The idea of Bitcoin as a reserve asset is gaining dynamics worldwide, with political personalities like US President Donald Trump involved. In March 2025, Trump signed a implementing regulation that makes Bitcoin a strategic reserve for the United States. As we mentioned in our last report, his government plans to increase this reserve in a budget -neutral manner, which means a broader shift towards cryptocurrencies as national assets.
Sweden’s proposal is in line with the growing interest in Bitcoin reserves in other countries. Switzerland, Poland, Germany and Japan are among the countries that examine the integration of Bitcoin into their currency reserves.
As CNF reported, it seems that even North Korea hoines Bitcoin. This trend has developed due to the influence of cryptocurrencies in the direction of global monetary policy, since the federal states consider them as protection against inflation and other systemic risk factors.
Nordin also mentioned the US model, which the authorities confessed by the authorities can simply convert to the national reserve.
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