El Salvador Adds to BTC Reserves as Taiwan Eyes Adoption
By: cryptofrontnews|2025/05/10 22:00:15
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El Salvador strengthens its strategic Bitcoin holdings with steady deposits and a notable 1 BTC addition on May 9, showing clear intent.Taiwan lawmaker Ko Ju-Chun urges BTC adoption in reserves, citing currency instability and insights from Bitcoin advocate Samson Mow.As inflation and geopolitical risks rise, nations like El Salvador and Taiwan are embracing Bitcoin as a resilient strategic reserve asset.El Salvador increased its Bitcoin holdings again, adding exactly 1 BTC on May 9, 2025, at 1:33 PM. This transaction brought the country’s reserve to 6172.1835 BTC. The steady buildup reflects a disciplined accumulation strategy. Besides, the stair-step balance data reveals consistent deposit intervals over the past month. Each deposit remained small until the most recent 1 BTC addition.Between April 11 and May 9, the reserve grew gradually from 6.14 BTC to 6.172 BTC. This translates to an approximate 0.03 BTC gain. Hence, the consistent deposits demonstrate El Salvador’s commitment to strengthening its Bitcoin position. No withdrawals were observed during this period, confirming a long-term holding strategy. Taiwan Lawmaker Pushes for BTC in National ReservesMeanwhile, Taiwan’s political arena is showing signs of potential Bitcoin adoption. Legislator Ko Ju-Chun called on the government to consider BTC as part of its national reserves. He made the proposal during the National Conference on May 9. Ko maintained that Bitcoin might act as a hedge against exchange rate swings and worldwide economic volatility.Ko also spoke with Samson Mow, the CEO of Jan3, a group that encourages countries to adopt Bitcoin. Ko's campaign in the public was likely influenced by this interview. Taiwan possesses $577 billion of foreign exchange reserves and 423 metric tons of gold reserves currently. Still, Ko mentioned New Taiwan dollar volatility as an emerging concern. Considering this, he views Bitcoin as a censorship-resistant and long-lasting store of value.Global Shift Toward Bitcoin as Strategic AssetGovernments are increasingly exploring Bitcoin as a safeguard amid economic uncertainty. El Salvador continues to lead with measured and consistent BTC accumulation. Additionally, Ko’s remarks suggest Taiwan may follow suit, especially as global inflation and geopolitical risks mount. Moreover, Bitcoin’s decentralized nature and fixed supply offer unique advantages over traditional assets.The post El Salvador Adds to BTC Reserves as Taiwan Eyes Adoption appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
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