Dennis Dioukarev, a Member of the Riksdag representing the Sweden Democrats, and Rickard Nordin, a Member of Parliament, have both submitted open letters to Finance Minister Elisabeth Svantesson advocating for the inclusion of Bitcoin in Sweden's financial strategy — their proposals urge the government to explore Bitcoin as a modern asset alongside traditional holdings like gold.

Dioukarev, in a letter dated April 14, proposed that Sweden begin accumulating Bitcoin by retaining cryptocurrencies confiscated through law enforcement actions. He cited the United States as a precedent, where Bitcoin reserves are partially funded by assets seized in criminal investigations.

“This is a trend seen in many countries,” Dioukarev noted, questioning whether the Swedish finance ministry has any plans to adopt a similar approach.

Earlier, on April 8, Nordin submitted his own letter supporting the concept. He urged the government to reevaluate Sweden’s traditional reserve strategy in light of Bitcoin’s growing role in the global financial system. Nordin emphasized Bitcoin’s censorship-resistant nature, positioning it as a tool for upholding democratic values and supporting individuals in oppressive regimes.

Rather than acquiring Bitcoin using taxpayer funds, both lawmakers proposed a budget-neutral solution: the government could simply retain confiscated cryptocurrency held by authorities such as Swedish Customs or law enforcement. This model mirrors the U.S. approach and avoids additional spending.

The idea of establishing national Bitcoin reserves has been gaining international traction. In March, former U.S. President Donald Trump signed an executive order integrating Bitcoin into the country’s sovereign financial toolkit. Elsewhere, Czech central bank governor Aleš Michl has promoted Bitcoin as a strategic reserve asset, while French lawmaker Sarah Knafo has advocated for its adoption over central bank digital currencies in Europe.

However, not all countries are on board. Australia, for example, has focused on regulating digital assets rather than incorporating them into national reserves.

As Sweden considers its place in a rapidly changing financial landscape, these proposals signal a potential shift toward embracing digital assets as part of its long-term economic strategy.