Australia’s Libertarian Party has released a whitepaper advocating for the establishment of a national Bitcoin reserve. The party argues that Bitcoin, with its fixed supply of 21 million coins, serves as a hedge against inflation and can provide long-term financial stability. The reserve could be funded through the „Future Fund,“ budget surpluses, or the sale of state assets.
Beyond the reserve, the whitepaper also calls for tax relief. Specifically, it proposes eliminating capital gains tax on everyday Bitcoin transactions to position Australia as a crypto-friendly hub. Additionally, the party strongly supports the right to self-custody, ensuring that citizens can own and manage their Bitcoin without relying on intermediaries.
Another key issue is Bitcoin mining regulation. The party advocates for a technology-neutral approach that encourages sustainable mining rather than restricting it with excessive regulations.
The proposals have sparked mixed reactions. Critics question whether the party has enough influence to implement these measures. However, the whitepaper may help drive the political debate on Bitcoin in Australia, following the example of the United States, where Bitcoin reserves are becoming part of financial strategies.
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