Considering the tremendous success stories of El Salvador and Bhutan in implementing their bitcoin reserves,
it would irresponsible and foolhardy not to do it.

You would think a country like Taiwan, Japan, South Korea etc. whose economies are built around the high tech industry
would be one of the first to adopt something like bitcoin, one the great technological innovations of modern history.  
I thought Asian people were supposed to be smart?

Countries that are slow to adapt to change are the ones who usually end up falling behind.
What are they waiting for? The price to reach one million per coin before taking action?

Particularly in the case of Taiwan, the lawmaker speaks the truth. "...in intense situations, it may not face the risk of embargo.”

Taiwan's status as an independent country is highly unstable. To a certain extent, it's built on sand. The threat isn't just any country; it's no less than it's superpower and bully neighbor: China. And it can't rely on other nation's help, too, even the US. The US could even betray and sell them to China.

If worst comes to worst and, God forbid, the tension escalates into a full blown invasion, Bitcoin is probably the safest way for them to keep their wealth.

They're sitting on tons and tons of gold that aren't even kept safe overseas. They're holding all of it in their tiny, threatened, island nation which is well within China's arm's reach. The lawmaker is right to warn that in times of regional tensions, "safeguarding these assets might become difficult." It's certainly a wise idea to keep some of their assets in Bitcoin.

And most likely he want to rub it in against the Chinese government as we all know that the Chinese are not a fan of Bitcoin since 2018. And with all the news about Bitcoin being used by other countries are reserved, then it make sense for them to be joining the bandwagon as well.

It could be that there could be opposition along the way, but it's normal as their form of government is not authoritative as China so maybe there will be hindrance along the way but at the end, they might make this into law.

No reason to not have bitcoin reserve.

Large countries are using it for trades, it have the potential to go up in value than any other asset out there.

But this could be the after effect of US accepting bitcoin as strategic reserve, smaller countries will try to rethink their decision and can even change their stance to adopt bitcoin.

If the country is developed, I'm sure it's already in their book to discuss.

I wonder which SEA countries will propose the same thing in the next few months. The idea is cool, but the real problem is transparency. In my country, the plan is full of "trust me bro" claims, which makes it hard for the average joe to support the proposal. It doesn't help that this is not the first time the government has tried to collect money from the masses for investment purposes with little to no transparency. Rather than celebrating it, the feeling I get from the community is high alert because the government might launder money on their own with a plan like this. CMIIW.

He nailed it. Bitcoin’s always been a solid hedge against inflation, so every country should really consider holding it as part of their national reserves.

It’s not even that risky if you know how to manage it properly. I mean, if private companies can stack a bunch of Bitcoin, why not countries too, right?

It’s time to move away from the traditional playbook. Whether people like it or not, Bitcoin is here to stay and it’s on its way to becoming one of the top 10 biggest assets in the world (if not yet). But of course, the real goal is Top 1.

Here's a thing, Bitcoin isn’t political, so it’s tough to manipulate. That’s the power right there.

This is another winning edge of bitcoin to increasing adoption and use as reserve currency, i want to believe that the first impression last long, which begin with how US started it all by showing interest on bitcoin reserve and ever since then, this has spark up the heart of many other countries in making moves towards the same, we have been of recent time having an inflow of countries, organization and institutions who have been showing interest on bitcoin reserve currency, by the end of this year, many would have join and it may also increase the market performance of it all for all time high.

Anyway, you already said it yourself, which I do agree with you about him having done his homework on bitcoin before taking the step for a call for his country towards bitcoin national reserve. It's obvious he's acknowledgeable with the ups and downs of bitcoin investment and would also profer advise to the government on how and when to buy that would be more beneficial to them. From the 5% he suggested to be used from the $50B my guess is as good and anyone that he knows what's he is talking about.

Bitcoin has, of course, proven its worth to the world, so I'm not surprised they are now looking towards it as a reserve. But we've heard this from many countries, but none has been seen passing the bill yet, not to mention implementing it. As we watch on, the amount of Bitcoin injected into the reserve matters. And I hope they do that at the right price to avoid discouraging others in the future.