Bitcoin vs China 🇹🇼

Taiwan has accumulated $602 billion in foreign exchange reserves. But there's one serious problem: 80% of that amount is held in U.S. dollars.

That's why the country is now officially discussing the idea of converting part of those reserves into Bitcoin.

The reason: Taiwan effectively does not control its money. And it's unclear what could happen to those assets if China ultimately attacks the island and Taiwan faces a major crisis.

🔐 A new philosophy of reserves

In the past, countries held their reserves in gold and U.S. dollars. But after several nations discovered that their money could be frozen at a critical moment, attitudes toward reserve assets began to change.

And $BTC is different: it isn't held in another country's bank, it doesn't need to be physically transported, and it can't be blocked by a single political decision.

#Bitcoin