National Bitcoin Reserve Initiative: MP Satoshi Hamada Urges Japan To Take Action

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As an analyst with over two decades of experience in financial markets, I find myself increasingly intrigued by the growing adoption of Bitcoin as a strategic reserve asset by nations and major corporations. This trend is not just a fleeting fad but a testament to the maturity and acceptance of cryptocurrencies in the global economy.

Notably, Japanese legislator Satoshi Hamada proposed that the government should create a Strategic Bitcoin Reserve. This move would position Japan in line with an increasing number of countries worldwide, such as the United States, who are considering similar ventures, exploring the potential benefits of holding a strategic reserve of this digital currency.

Bitcoin Adoption Surges Among Nations And Major Corporations

Hamada’s suggestion indicates a wider curiosity towards incorporating cryptocurrencies into the nation’s reserves, sparked by recent debates in the Japanese parliament concerning shifts in reserves of countries like the US.

This newfound enthusiasm follows closely behind Texas’s substantial legislative initiatives. A proposal for a tactical Bitcoin reserve has been put forward in the Texas House of Representatives, led by Republican State Representative Giovanni Capriglione.

The proposed legislation seeks to enable the state to accept taxes, fees, and donations in Bitcoin, with a commitment to hold these assets for a minimum of five years. 

During an X Spaces gathering, Capriglione highlighted that this proposed reserve could bolster Texas’s financial security and further establish the state as a pioneer in Bitcoin technological advancements.

He pointed out that “inflation might be the greatest threat to our investment returns,” emphasizing that having a thoughtfully designed Bitcoin reserve could potentially offer mutual benefits for the government.

This piece of legislation, known as “An Act for Creating a Bitcoin Depository Within the Texas State Treasury and Regulating Cryptocurrency Use by Government Bodies,” highlights a growing tendency among institutions to view Bitcoin as a valuable strategic reserve asset.

Significantly, this development isn’t confined to countries alone. After President-elect Donald Trump suggested establishing a strategic Bitcoin reserve for the US at the National Bitcoin Conference in Nashville earlier this year, there has been a noticeable increase in the adoption of Bitcoin by numerous countries and private entities.

Previously reported by Bitcoinist, within the last month, nine significant companies from fields such as finance, healthcare, and artificial intelligence (AI) have chosen to hold the leading cryptocurrency as part of their strategic reserves.

October 2025 As Next Major BTC Market Top?

In the current state of events, Bitcoin (BTC) has just concluded the week at a price point surpassing $100,000, sparking discussions about its potential direction moving forward.

According to crypto expert Ali Martinez, if past market patterns continue to hold true for Bitcoin, we might see the next market high in October 2025.

In the past two market cycles, the period from market low to high typically lasted about 1065 days, and the time between consecutive market lows usually amounted to approximately 1430 days.

Martinez additionally pinpointed a significant resistance level for Bitcoin at $96,870, where nearly 1.45 million wallets held around 1.42 million Bitcoins. He noted that if this region of demand persists, it’s highly probable that Bitcoin will maintain its bullish trend.

As I pen this analysis, Bitcoin (BTC) is currently transacting at approximately $101,477. Over the past seven days, it has experienced a 2% increase following a temporary stabilization phase and a 7% decline that took it down to around $91,000.

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2024-12-15 06:40