Japan is eyeing Bitcoin reserves like a sushi chef inspecting fresh tuna—but they’re waiting for the U.S. to serve the first roll

Rumors swirled faster than a Wall Street trader on espresso: The United States might adopt Bitcoin (BTC) as a national reserve, with Donald Trump soon back at the helm. But then came Jerome Powell, the Federal Reserve chairman, who calmly popped that balloon with a sharp “Nope!” The crypto market, predictably, dropped like a smartphone off a balcony. 📉📱

Meanwhile, in Japan: ‘Shall we put some Bitcoin in the national piggy bank?’ 🏯🐖💰

While the U.S. continues its love-hate relationship with Bitcoin, Japan has been quietly sipping green tea and cautiously discussing whether to stash some BTC in its national treasure chest. But let’s not kid ourselves—Japan isn’t rushing into this dance floor just yet.

**Enter Satoshi Hamada: No, Not That Satoshi**

In a recent parliamentary debate, Satoshi Hamada (a lawmaker, not the elusive Bitcoin creator) suggested Japan should convert part of its foreign currency reserves into Bitcoin. His logic? “If the U.S. is flirting with Bitcoin, why shouldn’t we have a taste too?”

But Prime Minister Shigeru Ishiba was quick to play the cautious dad at the party: “Without knowing what the U.S. and Brazil are really planning, it’s tough to make a call.” Brazil, by the way, is cooking up its own Bitcoin reserve proposal called RESBit. Ishiba added, “Crypto-assets don’t fit neatly into the traditional ‘reserve currency’ box.”

Ripple CEO: Japan, The Silent Crypto Samurai

While Japan may seem hesitant, Ripple CEO Brad Garlinghouse sees untapped potential. He predicted a huge demand for a stablecoin pegged to the Japanese Yen and praised Japan’s clear regulatory framework—something many other nations are still fumbling with like teenagers learning to drive stick. 🚗💨

The Bottom Line: Japan is observing, sipping tea, and occasionally raising an eyebrow at the global Bitcoin drama. Will they jump into the Bitcoin bandwagon or continue meditating on it from a Zen garden? Time—and probably another Powell press conference—will tell. 🍵⏳🚀

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James Frost

I trade cryptocurrencies based on fundamentals, TA and indicators. It started as a hobby, then part time and currently full time for more than 2 years. This kind of trading and analysis is endless daily work. This means throwing all previous analyzes in the trash and starting day-to-day again. My previous experiences: CryptoSvet.cz