Member of the Japanese House of Representatives, Satoshi Hamada, has just called on his government to consider establishing a national reserve fund for Bitcoin, marking a new advancement in the growing trend of cryptocurrency reserves worldwide.

The call from Satoshi Hamada

On December 11, Mr. Satoshi Hamada officially submitted a proposal to discuss the establishment of a reserve fund $BTC to the National Diet of Japan. Interestingly, Mr. Hamada shares the same name as #satoshiNakamato , the mysterious founder of Bitcoin.

This proposal comes in the context of Bitcoin recently reaching a record price of over $103,000, prompting many countries around the world to consider accumulating this cryptocurrency as a strategic asset.

Support and actions from Japanese politicians

Although his political party #Hamada holds only two seats in the Senate, his proposal is likely to receive support from other lawmakers. Yuichiro Tamaki, leader of the Democratic Party for the People, has previously proposed tax cuts and regulatory reforms to promote cryptocurrency in Japan. This could pave the way for the consideration of the Bitcoin reserve plan.

Currently, the Japanese Parliament has not issued an official response to this proposal, but Mr. Hamada's actions are part of a growing global trend.

Bitcoin: Global National Reserve Trend

In addition to Japan, many countries have proposed similar plans:

  • United States: President-elect Donald Trump has committed to 'holding all the Bitcoin that the U.S. government owns or will collect.' Earlier, Senator Cynthia Lummis proposed a plan to purchase 1 million BTC for the U.S. Treasury within five years.

  • Brazil: Last November, Brazilian lawmakers proposed a bill to add Bitcoin to the national reserve.

  • Russia and Poland: Many Russian politicians and a Polish presidential candidate are also calling for the accumulation of cryptocurrency in the state treasury.

Conclusion

Satoshi Hamada's proposal indicates that Japan is seriously considering participating in the trend of accumulating Bitcoin as a national asset. If approved, this would not only be a major milestone for Japan but also strengthen Bitcoin's position in the global economy.

Will Japan become the next country to incorporate Bitcoin into its national reserve strategy? Stay tuned for the latest developments!