Bitcoin As Reserve: Samson Mow Urges Taiwan To Buy 83,000 BTC
In a striking proposal at the 2024 Asia Blockchain Summit, Samson Mow, CEO of Bitcoin technology company JAN3, recommended that Taiwan should adopt BTC as part of its national reserve strategy by purchasing 83,000 units of the cryptocurrency. This figure is directly tied to Taiwan’s gold reserves, which are significantly higher relative to those of the United Kingdom. Is Taiwan Next To Adopt Bitcoin? Samson Mow’s advocacy for Bitcoin comes from his extensive experience in pushing for its adoption at a national level, as seen through his previous involvement in El Salvador‘s Bitcoin initiatives. According to Mow, adopting BTC could yield similar economic benefits for Taiwan, including boosts in tourism, GDP, employment, and foreign investment. “The nation-state playbook is there to be copy/pasted, and JAN3 is there to help,” he claimed during his keynote address. During his keynote, Mow stated, “Taiwan’s goal should be to accumulate 83,000 Bitcoin for its reserves.” He justified thi...