Since the Trump administration took office, the US government has begun to actively research the policy discussion on using Bit as a strategic reserve between the national and state governments. The Senate has seen bills related to Bit reserves, and Trump signed an executive order earlier this month, ordering the establishment of a US Bit strategic reserve, officially advancing the US digital asset policy.

Previously, Federal Reserve Chairman Powell praised Bit as digital gold, rather than a competitor to the US dollar. Whether Bit will become an option for national reserves is a topic of global discussion, and is expected to continue to impact the policy direction of central banks and the public sector around the world in the near future.

In response to this latest international trend, the Bit and Virtual Currency Development Association is holding the "Bit National Reserve - 2025 The 2nd Forum on Innovation and Derivative Product Regulatory Strategies" today, analyzing the Bit national reserve from a professional perspective, and inviting former Premier Chen Chung, former Finance Minister Liu Yi-ju, legislator Ke Ru-jun, and representatives from various government agencies and industry experts to discuss this national-level strategic issue.

Chen Chung: "Digital assets are the gun" to deal with unilateralism

In his opening remarks, Chen Chung stated that in the face of anti-globalization and unilateralism, one must "carry a gun", and digital assets are the gun. The US is promoting the stable coin of the US dollar in the hope of further consolidating the hegemony of the US dollar.

Chen Chung pointed out that the IMF has previously hyped up geoeconomics, and geoeconomics is now mainly about fragmentation and anti-globalization, and Bit is playing an important role in these aspects. Chen Chung also analyzed the key points of Trump's executive order issued on January 23, which is to develop a stable coin based on the US dollar, mentioning the issue of stable coins twice, and even wanting to abolish Biden's digital asset executive order.

Chen Chung mentioned that the Financial Supervisory Commission also recognizes that stable coins are a bridge between virtual currencies and legal currencies, and there is also a necessity to issue stable coins in Taiwan. US President Trump also stated on March 7 that he hopes Congress will pass the bill as soon as possible, indicating that the atmosphere for promoting stable coins has also become more mature.

However, regarding whether it is necessary to establish a sovereign wealth fund to invest in Bit, Chen Chung believes that it is not necessary to go to such great lengths. He emphasized that, as he has consistently advocated, Taiwan's sovereign fund should only be suitable for investing in energy and food, which are areas that Taiwan is relatively lacking in, and these two should be the main targets:

It's too much trouble to set up a sovereign fund just to invest in Bit.

He gave an example, like the US approach, it's just a change of accounting items, moving the Bit collected by the government to be used as reserves, in other words, it's just a change of the government's accounting items.

Chen Chung analyzed that US President Trump is actively promoting stable coins and cryptocurrencies, and urging the House and Senate to pass three bills as soon as possible, with the purpose of providing a better foundation for stable coins, hoping to continue to consolidate the hegemony of the US dollar, "to make the US dollar stable coin more of a buffer for other countries to de-dollarize".

However, Chen Chung also believes that Bit at most is just an asset, and is still not a currency, but he affirms that Bit, like gold, currently has the effect of resisting inflation.

Liu Yi-ju: Stable coins are the alter ego of the US Federal Reserve

Liu Yi-ju pointed out that currently, 93% of the 203 types of stable coins are pegged to the US dollar, and stable coins are actually the alter ego of the US Federal Reserve. Issuance requires reserves, and if it is a US dollar stable coin, it means that a large amount of US dollars, whether cash or Treasury bonds, need to be purchased.

Liu Yi-ju said that the most important thing is US government debt, and the US is now most worried about not being able to sell its government debt. Trump is using virtual currencies and stable coins to expand and consolidate the position of the US dollar, and denying central bank digital currencies (CBDCs) to force the whole world to use the US dollar. Recently, the euro area has no role, but South Korea says it should issue a stable coin denominated in won, and Japan only uses one stable coin, USDC, which is worth our country's reference.