A lawmaker in Taiwan has advocated for Bitcoin as part of a 'diversified strategy' at the National Conference on May 9th.

In his opinion, Bitcoin can become a global hedge against economic risks, along with gold and foreign exchange reserves.

Taiwan's economy is all about exports, especially chips, and Ko Ju-Chun, the lawmaker in question, says what the country has isn't enough.

“We currently have a gold reserve of 423 metric tons, and our foreign exchange reserves amount to $577 billion, including investments in US Treasury bonds,” the lawmaker said.

In his opinion, in scenarios of more intense currency volatility, that's not enough.

This is yet another drop in a lake that's going to become a sea, and then an ocean.

Sooner or later, (nearly) every country in the world will want some BTC.