Seismic BTC Shift: Asia Follows US on Bitcoin Reserves: Japan’s Micro Strategy CEO
Metaplanet CEO says US is affecting global competition for BTC reserves.
Crypto analysts have dubbed the Japanese venture capital fund a “Japanese microstrategy” for its bitcoin purchases.
In an interview at Michael Saylor's New Year's Eve party on Tuesday, Jirovich said Japan would follow suit if Trump established a U.S. bitcoin reserve.
Trump Bitcoin Reserve to start activity
Just in: Metaplanet “President Trump Will Do the Same to Japan and Other Asian Countries He Considered a Strategic Reserve,” by Michael Seiler 100K #Bitcoin Party
Incoming country FOMO pic.twitter.com/eH4dNIflwY
— Simply Bitcoin (@SimplyBitcoinTV) January 1, 2025
Gerovitch seems to have dropped a reference to “The Bitcoin Standard,” Cypherdian Amos' famous tome on cryptocurrency.
“I'm seeing Bitcoin as a topic of discussion at the highest levels of government. Corporations around the world are starting to accept bitcoin as the standard,” Gerovitch said.
Metaplanet's CEO hopes Trump will follow through on plans to establish a respected U.S. bitcoin reserve.
“I think the Bitcoin community in America helped elect the president. So we hope President Trump will do what he said to make bitcoin a strategic reserve,” the CEO said.
He also predicted that the move would confirm Bitcoin as a national resource for other countries and create an urgency for other governments to join the race.
“Countries around the world will follow,” Gerovic said. “Japan is one of those countries where they see America as their big brother. So I think that Japan and many Asian countries will do the same if President Trump takes it as a strategic reserve.
“I think many countries in Asia [will follow Trump’s lead]. “I think a lot of third world countries in particular will see bitcoin as a way to issue their own currency,” he added.
Micro Strategy Accelerates BTC Accumulation.
Metaplanet is following the micro strategy path of the US tech company, which has made bitcoin stocks an important part of its strategy to maximize wealth for its investors.
“For us in April—that's when we decided to start accepting Bitcoin,” Gerovich said. “And what we want to do now is accumulate more bitcoins for our shareholders over time.”
In December, Metaplanet made its largest purchase of 619.7 BTC worth $60.6 million at the time. Virginia-based MicroStrategy, led by founder Michael Saylor, has bought a total of 446,400 BTC so far.
The business intelligence and cloud-based services company first started buying bitcoin in August 2020.
Shares of MicroStrategy fell 36% in December, paring their biggest one-year gain to a 342% annual gain, compared to a 121% six-month gain for MSTR shares.
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