In a twist of irony, Satoshi Hamada, a Japanese lawmaker sharing a name with Bitcoin’s pseudonymous creator, has proposed that Japan consider converting part of its foreign exchange reserves into Bitcoin. The proposal, introduced during a recent parliamentary session, cites U.S. financial strategies as a motivator for exploring this groundbreaking approach.

In this image, we see that this an official motion submitted to the to the country’s House of Councillors on 11.12.24. Logged via House of Councillors directory

This proposal comes amid a broader shift in how countries view digital assets, particularly after former U.S. President Donald Trump floated the idea of a "strategic Bitcoin reserve." As global economies grapple with inflation and shifting monetary policies, some nations are beginning to view Bitcoin not just as a speculative asset, but as a potential hedge or strategic reserve akin to gold. Even more recently, we saw the Fed Chair Jerome Powel make a statement saying “It's not a competitor for the dollar. It's really a competitor for gold,” (in reference to Bitcoin).

Japan being known as a global leader in tech and innovation— is one of the early countries to make this consideration. As more adoption continues around the globe, it will be interesting to see which countries follow suite to make the proposal of a BTC reserve as well.

If Japan takes this step, it could catalyze similar moves by other governments, positioning Bitcoin as a key player in the evolution of global finance.

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