Japan considers strategic Bitcoin reserve: Is a new global trend emerging?

Following previous speculation about strategic Bitcoin reserves in the United States, Russia, Brazil and Poland, Japan has now joined the list.

Satoshi Hamada, a member of Japan’s National Diet, submitted a formal motion on December 11 to discuss the possibility of a national Bitcoin reserve. With BTC hitting a new all-time high of over 100,000 USD earlier this month, the issue no longer seems ignorable for governments worldwide.

Japan follows the example of the USA

Satoshi Hamada’s proposal is reminiscent of a plan put forward by US Senator Cynthia Lummis earlier this year. She proposed that the US should buy up 5% of the total BTC supply in the coming years. Now this trend seems to be spilling over to Japan. Hamada, with his fitting first name, has submitted a similar proposal to the Japanese government.

Although Hamada is a member of a small party, his call could still find support. Yuichiro Tamaki, chairman of the Democratic Party for the People, has previously highlighted Bitcoin’s potential. He also advocates for tax breaks and reforms to encourage the growth of crypto companies in Japan.

Bitcoin as a strategic asset: Worldwide interest grows

It is not only in Japan that the call for BTC reserves is getting louder. In the United States, former President Donald Trump wants to give Bitcoin a central role in his politics if he is re-elected. Texas has already introduced a bill for a state Bitcoin reserve.

Outside the US, other countries have also unveiled plans. In Brazil, proposals have been put forward to include BTC in the state treasury, while in Europe, both Russia and Poland are studying how to design national crypto reserves.

Although most countries have not yet taken concrete steps, the discussion about Bitcoin reserves is steadily growing in governments around the world. It is quite possible that in the coming years, more and more countries will accept BTC as a strategic asset.

A global change

What once began as a niche investment for private investors now seems to be developing into a serious part of national strategies. The global interest in Bitcoin as a reserve shows how the perception of cryptocurrencies has changed drastically in just ten years. It remains to be seen which countries will be the first to take concrete action. But it seems inevitable that this trend will continue to spread.

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Margharet Tess

Editor, Developer at Cryptheory Labs

I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com

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