Japanese politician Satoshi Hamada is making waves in the crypto space by questioning global Bitcoin reserve strategies. Specifically, Hamada is urging the Japanese government to consider converting part of its foreign exchange reserves into Bitcoin.¹
This move is not entirely surprising, given the growing interest in Bitcoin as a reserve asset. In fact, some countries like El Salvador have already made Bitcoin legal tender.² Hamada's proposal is also backed by the idea that Bitcoin's decentralized nature makes it less susceptible to the influence of specific countries or institutions.
It's worth noting that Japan has been relatively cautious when it comes to crypto regulation. However, with politicians like Hamada pushing for greater adoption, we may see a shift in the country's stance on Bitcoin and other cryptocurrencies.