According to their filing, one possible source of funding could be seized Bitcoin, though who would manage any holdings remains undecided.
The Swedish Democrats won more than 20% of the vote in the 2022 election and now play a key role supporting the current coalition, giving their proposals weight in the capital.
Sweden already hosts a modest crypto industry. Reports show 85 companies operate in the sector there, and 20 of those firms have together raised $48 million in venture and private funding.
Crypto ATMs run in the country. Exchanges are regulated and subject to Anti-Money-Laundering and Know-Your-Customer rules enforced by the Swedish Financial Supervisory Authority.
A law passed in November 2024 now allows authorities to seize luxury items, including crypto, even when the owner is not the target of the original probe.
According to their proposal, Bitcoin is “currently the world’s sixth-largest asset,” larger than some global companies they named, and offers lower correlation with traditional reserves that can be affected by political or economic policy.
They also described transaction costs as “negligible” and suggested transfers can be quicker than some fiat transactions.
Other Swedish politicians have raised the issue before. Reports note that Rickard Nordin, deputy leader of the Centre Party, recently urged the finance minister to consider Bitcoin.
Featured image from Meta, chart from TradingView
