Satoshi Hamada, a member of Japan’s House of Councilors, has called on the government to consider a national bitcoin reserve. This follows a global trend of countries and key figures treating bitcoin as a strategic asset, with similar discussions in the US, Brazil and Poland.
On December 11, Hamada raised this in the Japanese National Diet, the country’s parliament, asking the government to look into converting part of its foreign exchange reserves into bitcoin.
“I believe that consideration should be given to this matter, and I would like to hear the government’s views,” he said. He believes bitcoin can strengthen Japan’s economy and financial markets.
The national bitcoin reserve idea is gaining momentum worldwide.
In the US, this movement is most active, with big names like Senator Cynthia Lummis and President-elect Donald Trump backing the concept.
Trump said he’ll “keep 100% of all the bitcoin the U.S. government currently holds or acquires,” while Lummis proposed a strategic bitcoin reserve plan to add 1 million BTC to the US Treasury over 5 years. Russia, Brazil and Poland are also discussing similar initiatives.
