More European Lawmakers Propose Including Bitcoin in National Reserves
Stockholm, Sweden – April 14, 2025 – The movement to accumulate Bitcoin as part of national reserves is spreading across Europe, as another Swedish lawmaker officially voices his opinion on a strategy similar to the United States. Dennis Dioukarev, a member of the Riksdag representing the Sweden Democrats, has sent an official question to Finance Minister Elisabeth Svantesson, asking her to consider creating a national plan to accumulate Bitcoin by holding confiscated digital assets.
“This is a trend that is spreading in many countries,” he wrote in the letter, citing the recent move by the U.S. government to establish a strategic Bitcoin reserve. “Are the Minister and the Government considering this?”
Dioukarev’s move follows a call from MP Rickard Nordin on April 8, who also highlighted Bitcoin’s growing importance globally. “Many large companies have embraced Bitcoin as a hedge against inflation,” he said. “Bitcoin is also an indispensable means of exchange for freedom fighters in authoritarian regimes.”
The trend is not limited to Sweden. In the United States, President Donald Trump signed an executive order in March to establish a national Bitcoin Reserve, using seized cryptocurrency instead of buying new ones. The policy also paves the way for a separate Digital Asset Reserve, overseen by White House AI and Cryptocurrency Advisor David Sacks.
In Europe, Czech National Bank Governor Aleš Michl is also considering adding Bitcoin to the country’s $7 billion foreign exchange reserves, seeing it as an effective way to diversify assets. Meanwhile, in Italy, the country’s largest bank, Intesa Sanpaolo, has invested $1 million in Bitcoin, becoming the country’s first financial institution to directly buy the digital asset.
Even the education sector is seeing changes. The Lomond boarding school in Scotland has announced that it will accept tuition fees in Bitcoin, becoming the first school in the UK to implement this form of payment. The school’s representative said that demand is coming from parents at home and abroad, especially crypto investors.
However, not everyone is supportive. European Central Bank (ECB) President Christine Lagarde maintained a tough stance in January, stating: “Bitcoin is not a safe haven and will never be part of any central bank’s reserves.”
Despite the split in opinion, Bitcoin’s price continues to show a strong recovery. According to data from CoinGecko, BTC is currently trading around $85,586.92, up 1.5% over the past 24 hours. While still 21.3% below its peak of $108,786 set on January 20 – just before Trump took office – the rally shows that market confidence is still building.
Sweden’s proposals, along with moves from New Hampshire, the Czech Republic, Italy and the UK, reflect a major shift in how governments view Bitcoin’s role – no longer as a speculative asset, but increasingly as part of a national financial strategy.