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Crypto Potato 2025-01-02 22:19:20

Seismic BTC Shift: Asia Will Follow US On Bitcoin Reserve: CEO of ‘Japan’s MicroStrategy’

Seismic BTC Shift: Asia Will Follow US On Bitcoin Reserve: CEO of ‘Japan’s MicroStrategy’

The CEO of Metaplanet says the US is touching off an international race for BTC reserves. Crypto analysts have dubbed the Japanese venture capital fund the “MicroStrategy of Japan” for its voracious Bitcoin purchases. In an interview at Michael Saylor’s New Year’s Eve Party in Miami on Tuesday, Gerovich said Japan would be sure to follow if Trump establishes a US Bitcoin reserve. Trump Bitcoin Reserve to Start a Movement 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 Gerovich seemed to drop a reference to Saifedean Ammous’ popular tome on cryptocurrency, “The Bitcoin Standard.” “I’m slowly but surely seeing Bitcoin becoming a topic of discussion at the highest levels of government. Corporations around the world are beginning to adopt it as a Bitcoin standard,” Gerovich said. The Metaplanet CEO is hopeful Trump will follow through with plans to establish the vaunted US Bitcoin reserve: “I think the Bitcoin community in the US helped elect the president. So hopefully President Trump will do what he has said that he will—to make Bitcoin a strategic reserve,” the CEO said. Furthermore, he predicted the move will validate Bitcoin as a national resource for other countries and create urgency for other governments to join the race. “Countries around the world will follow,” Gerovich said. “Japan is one of those countries where they do look to the US as sort of their big brother. So I think if President Trump does adopt it as a strategic reserve, then Japan and many countries in Asia will do the same.” “I think a lot of the countries in Asia [will follow Trump’s lead]. I think a lot of the third world countries in particular will see Bitcoin as a way to shore up their own currencies,” he added. MicroStrategy Hastens BTC Accumulation Metaplanet is following in the path of the US tech firm MicroStrategy, making Bitcoin stockpiles an essential part of its own strategy to maximize wealth for its investors. “In April for us—that’s when we decided we want to begin adopting Bitcoin,” Gerovich said. “And now what we want to do is accumulate more Bitcoin over time for our shareholders.” In December, Metaplanet made its largest-ever purchase of 619.7 BTC worth some $60.6 million at the time. Virginia-based MicroStrategy, led by founder Michael Saylor, has bagged a total of 446,400 BTC so far. The business intelligence and cloud-based services firm first started buying Bitcoin in Aug. 2020. Saylor credits “The Bitcoin Standard” for radicalizing him in favor of Bitcoin. MicroStrategy stocks fell 36% in December, correcting a year of roaring gains to a yearly increase of 342% with a 121% six-month gain for MSTR shares. The post Seismic BTC Shift: Asia Will Follow US On Bitcoin Reserve: CEO of ‘Japan’s MicroStrategy’ appeared first on CryptoPotato .

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