Japanese Senator Satoshi Hamada recently submitted a proposal to the government to include Bitcoin in the national strategic reserves.
Senate Proposal
The proposal was officially recorded in the House of Councillors, emphasizing the importance of integrating cryptocurrencies like Bitcoin into the country's foreign exchange reserves.
Financial Benefits of Bitcoin
Hamada highlighted that Bitcoin's neutrality and decentralization could enhance Japan's economic strategy's independence and robustness. According to him, Bitcoin is less influenced by the policies and stability of specific countries or financial institutions.
Expectations and Prospects
The government is expected to respond to this proposal in the coming weeks. This initiative comes amid growing global interest in Bitcoin reserves, illustrated by the 1700% increase in stock value of Japanese company Metaplanet due to Bitcoin investments.
Hamada's proposal may be part of a broader trend recognizing Bitcoin as not just an investment asset but a strategic reserve component.
