Trump and Bitcoin: Reserve Strategy Could Inspire Japan and Asia
- Trump May Boost Bitcoin Strategic Reserve Globally
- Metaplanet is a pioneer in Bitcoin adoption in Japan.
- Adoption of Bitcoin could stabilize currencies in emerging countries.
During a New Year’s Eve event hosted by Michael Saylor, Metaplanet CEO Simon Gerovich shared his predictions for global Bitcoin adoption. Metaplanet, often compared to Japan’s MicroStrategy, has established itself as a go-to cryptocurrency investment firm in Asia. Gerovich believes that President-elect Donald Trump’s potential creation of a Strategic Bitcoin Reserve (SBR) could spark a wave of adoption among other nations, especially in Japan and Asia.
At the time of publication, the price of Bitcoin was quoted at US$94.013,53, up 0.2% in the last 24 hours.
Gerovich highlighted that Bitcoin is gradually entering high-level discussions among governments and corporations. He stated: “Slowly but surely, we are seeing Bitcoin become a topic of discussion at the highest levels of government, with corporations around the world beginning to adopt it as a Bitcoin standard.” Metaplanet, which began its Bitcoin accumulation strategy in April, has accumulated 1.762 BTC, currently valued at around $165 million.
Metaplanet’s strategy is also a response to the yen’s instability and rising Japanese debt. Since adopting Bitcoin, the company has seen significant growth, with shares up 1.900% over the course of 2024, marking its best financial performance since 2017.
JUST IN: Metaplanet says “if President Trump does adopt it as a strategic reserve, then Japan and many other countries in Asia will do the same” at Michael Saylor's 100K # Bitcoin party 🙌
Incoming Nation State FOMO 🚀 pic.twitter.com/eH4dNIflwY
— Simply Bitcoin (@SimplyBitcoinTV) January 1, 2025
As for the global impact, Gerovich believes that Trump’s initiative, if implemented, will serve as a catalyst for other countries. “I hope that President Trump will do what he promised, which is to make Bitcoin a strategic reserve, and then countries around the world will follow suit,” he said. He noted that countries like Japan, which have traditionally followed US policies, are likely to adopt similar strategies.
Furthermore, Gerovich predicts that Bitcoin adoption could strengthen emerging economies, especially in developing countries. He concluded: “We are about to see game theory play out in full. For many countries, adopting Bitcoin could be a way to stabilize their currencies.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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