Rickard Nordin Urges Sweden to Add Bitcoin to Foreign Reserves

• Sweden’s cautious stance on Bitcoin contrasts with growing global interest in digital reserves.
• Countries like El Salvador and Japan are exploring Bitcoin as a strategic reserve asset.
• Former U.S. President Trump’s 2025 executive order made Bitcoin a strategic reserve asset.

The rising interest in Bitcoin among Swedes brings forth reviews about integrating digital currency into the foreign exchange reserve system. The Swedish political representative Rickard Nordin sent an official petition to Finance Minister Elisabeth Svantesson asking to review Sweden’s foreign exchange reserve control.

The proposal from Nordin advocates Bitcoin as an important reserve component for national diversification because countries continue to recognize the strategic potential of Bitcoin assets. The request emerges at a time when many countries display rising interest in Bitcoin as a strategic reserve asset.

According to Nordin El Salvador, the adoption of Bitcoin legal tender served as an example of central banks worldwide engaging in Bitcoin-related discussions. Several international governments in Switzerland, Poland, Germany, and Japan actively research Bitcoin as an addition to their national currency reserves.

Sweden’s Current Stance on Bitcoin and Cryptocurrencies

Sweden has adopted a restrained approach toward Bitcoin investments even though many other countries have initiated the exploration of cryptocurrency reserves. The March 2024 announcement by Riksbank Governor Erik Thedéen showed his doubts about Bitcoin because of its excessive price swings and decentralized character. According to Thedéen, Bitcoin’s advantages could not be compared to its substantial risks, which posed specific problems for Sweden’s economic system.

The Swedish government is open to including Bitcoin in its foreign exchange reserves because it has failed to produce regulations specifically prohibiting this move. The Swedish central bank maintains an apprehensive stance toward Bitcoin, yet Nordin’s idea brings Bitcoin back into economic discussions for national policy. Current discussions about introducing Bitcoin to foreign reserves become important since cryptocurrency maintains a rising value status while facing economic instability.

Global Impact of Bitcoin as a Reserve Asset

The worldwide effort to establish Bitcoin as a reserve asset significantly changed due to policies from former US President Donald Trump. In late 2024, Trump publicly backed Bitcoin when he said it had the potential to transform into the global leader of financial power. In March 2025, the president issued an executive order establishing Bitcoin as the U.S. strategic reserve asset. The strategic decision has motivated Bitcoin supporters and inspired different countries to examine similar monetary policy approaches.

Several European nations, including North Korea, have started exploring Bitcoin use for reserve purposes. Cryptocurrency adoption, along with institutional backing, drives countries to secure their financial stability through Bitcoin reserves. The global movement to redefine digital currency positions in economies has led Sweden to become a part of this international dialogue regarding Bitcoin holdings within reserve funds.