Swedish Lawmakers Call for Study into National Bitcoin Reserve

Two members of Sweden’s right-leaning Sweden Democrats party have submitted a motion urging the government to explore establishing a national Bitcoin reserve as a complement to gold and foreign currency holdings. The motion requests an official study on how to build such a reserve, which government entity should oversee it, and what guidelines would apply. It explicitly states that it does not call for Bitcoin to replace the krona or for a central bank digital currency (CBDC).

Supporters argue Bitcoin can act as “digital gold,” offering diversification, inflation protection, and a hedge against traditional asset correlations. They frame the move as positioning Sweden for potential disruption in global finance. Critics, however, point to Bitcoin’s volatility, regulatory uncertainty, and infrastructure risks as major hurdles. If the idea gains traction, Sweden could join a small but rising group of jurisdictions considering sovereign Bitcoin exposure—raising new questions about reserve strategy, treasury risk, and the evolving role of crypto in state finance.