After Years of Hostility Towards Bitcoin, Taiwan Seems to Want to Reconsider Its Point of View

Bitcoin: The Ultimate Safe Haven The China-Taiwan relationship is an explosive geopolitical knot. Beijing claims the island as an integral part of its territory

After several years of hostility towards bitcoin, Taiwan seems to want to reconsider its point of view given its precarious geopolitical situation.

The China-Taiwan relationship is an explosive geopolitical knot. Beijing claims the island as an integral part of its territory, while Taipei, supported by Washington, defends its autonomy, all while considering strategic investments in bitcoin.

As in Ukraine, the risk of a proxy war is not impossible if trade tensions escalate between Washington and Beijing. Such a conflict would threaten the global economy since Taiwan’s industrial crown jewel (TSMC) produces the majority of the semiconductors needed for the high-tech industry.

China could easily decree an embargo and implement a total blockade of Taiwan. The country’s economy would collapse immediately, as would its currency. This would result in immediate hyperinflation.

That is why the country holds nearly $300 billion in reserves. No country has larger greenback reserves relative to its population size (excluding tax havens). These reserves are a way of buying protection from the United States.

But in the event of an invasion, Washington will freeze these $300 billion along with the $750 billion in reserves that China holds. Russia knows this well since half of its reserves, mainly euros, are frozen.

The millions of Taiwanese who try to flee the country will be able to take nothing with them. They will be ruined. Unless they have bitcoins. It is easier to board a plane with twelve words in mind than with suitcases of gold or dollars in the hold. Bitcoin allows you to leave your