Proposed Policies

Bitcoin is inflation proof savings technology. Singaporeans worry about the cost of living and retirement because inflation halves our purchasing power every 17 years and compounds the price of property. The average worker is increasingly priced out from retiring and becoming overly dependent on the Government. USA, UK, Canada already allow pension funds to be used for Bitcoin exposure through multiple instruments. The Norweigian sovereign wealth fund is exposed to Bitcoin. Singapore is lagging. It is matter of time that Bitcoin supply runs out, and we would not be financially able to hold Bitcoin. We need to create a Bitcoin-SGD Denominated Exchange Traded Fund (BITS ETF) to protect Singapore's savings. GIC has managed to achieve a 3.9% annualised return over 20 years, being only on-par with diversified global indices. Many Singaporeans still do not have the knowledge nor funds readily available to make investments. Then don't. Save in superior savings technology, save in Bitcoin.

This policy will significantly put Singapore and our stock exchange back into serious conversation. First, a CPF-investable Bitcoin ETF (BITS) if done correctly will be the biggest component in STI by market capitalization. The USA-based Bitcoin ETF(IBIT) is the most successful ETF in the history of the asset class. We need to be leading in embracing success, not shunning away superior technologies and innovations. This will draw in buying volumes from passive funds and institutional investors, which supports the long-term savings of Singaporeans. It will also demonstrate Singapore's commitment to Bitcoin, as countries around the world are starting to draft pro-Bitcoin legislation.

The global order is changing, with the USA engaging in tariffs and wanting a weaker dollar. Singapore is victim of the base 10% tariff rate, even when we have a trade surplus with the USA. To protect our long term future and savings, we NEED to have superior money. Bitcoin is that superior money which has no manipulation, tariff, debt or geopolitical risk. Singapore already has over 90% of Official Foreign Reserves in Gold. The 22nd century Gold will be Bitcoin. Every paper currency has failed in the history of mankind from the Dutch, British to now - the US Dollars. International Gold reserves can be falsified, newly discovered and even experience price manipulation. We need to secure our sovereignty and financial freedom. Bitcoin is superior to Gold in many ways. Check them out here. The USA has embarked on legislation to adopt more Bitcoin with the Strategic Bitcoin Reserve. On the other hand, the calls for audits of their Gold reserves at Fort Knox has fallen on deaf ears. Gold manipulation: - Daniel Shak 2024 - JPMorgan 2020 - Bank of Novia Scotia - Deustche Bank 2018