The CEO of Metaplanet says the US is touching off an international race for BTC reserves.<\/p>\n
Crypto analysts have dubbed the Japanese venture capital fund the \u201cMicroStrategy of Japan\u201d for its voracious Bitcoin purchases.<\/p>\n
In an interview at Michael Saylor\u2019s New Year\u2019s Eve Party in Miami on Tuesday, Gerovich said Japan would be sure to follow if Trump establishes a US Bitcoin reserve.<\/p>\n
JUST IN: Metaplanet says \u201cif President Trump does adopt it as a strategic reserve, then Japan and many other countries in Asia will do the same\u201d at Michael Saylor\u2019s 100K #Bitcoin<\/a> party<\/p>\n Incoming Nation State FOMO pic.twitter.com\/eH4dNIflwY<\/a><\/p>\n \u2014 Simply Bitcoin (@SimplyBitcoinTV) January 1, 2025<\/a><\/p>\n\n Gerovich seemed to drop a reference to Saifedean Ammous\u2019 popular tome on cryptocurrency, \u201cThe Bitcoin Standard.\u201d<\/p>\n \u201cI\u2019m slowly but surely seeing Bitcoin becoming a topic of discussion at the highest levels of government. Corporations around the world are beginning to adopt it as a Bitcoin standard,\u201d Gerovich said.<\/p>\n The Metaplanet CEO is hopeful Trump will follow through with plans to establish the<\/a> vaunted US Bitcoin reserve:<\/p>\n \u201cI think the Bitcoin community in the US helped elect the president. So hopefully President Trump will do what he has said that he will\u2014to make Bitcoin a strategic reserve,\u201d the CEO said.<\/p>\n Furthermore, he predicted the move will validate Bitcoin as a national resource for other countries and create urgency for other governments to join the race.<\/p>\n \u201cCountries around the world will follow,\u201d Gerovich said. \u201cJapan is one of those countries where they do look to the US as sort of their big brother. So I think if President Trump does adopt it as a strategic reserve, then Japan and many countries in Asia will do the same.\u201d<\/p>\n \u201cI think a lot of the countries in Asia [will follow Trump\u2019s lead]. I think a lot of the third world countries in particular will see Bitcoin as a way to shore up their own currencies,\u201d he added.<\/p>\n Metaplanet is following in the path of the US tech firm MicroStrategy, making Bitcoin stockpiles an essential part of its own strategy to maximize wealth for its investors.<\/p>\n \u201cIn April for us\u2014that\u2019s when we decided we want to begin adopting Bitcoin,\u201d Gerovich said. \u201cAnd now what we want to do is accumulate more Bitcoin over time for our shareholders.\u201d<\/p>\n In December, Metaplanet made its<\/a> largest-ever purchase of 619.7 BTC worth some $60.6 million at the time.\u00a0Virginia-based MicroStrategy, led by founder Michael Saylor, has bagged<\/a> a total of 446,400 BTC so far.<\/p>\n The business intelligence and cloud-based services firm first started<\/a> buying Bitcoin in Aug. 2020.\u00a0Saylor credits \u201cThe Bitcoin Standard\u201d for radicalizing him in favor of Bitcoin.<\/p>\n MicroStrategy stocks fell 36% in December, correcting a year of roaring gains to a yearly increase of<\/a> 342% with a 121% six-month gain for MSTR shares.<\/p>\n The post Seismic BTC Shift: Asia Will Follow US On Bitcoin Reserve: CEO of \u2018Japan\u2019s MicroStrategy\u2019<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The CEO of Metaplanet says the US is touching off an international race for BTC reserves. Crypto analysts have dubbed the Japanese venture capital fund the \u201cMicroStrategy of Japan\u201d for its voracious Bitcoin purchases. In an interview at Michael Saylor\u2019s New Year\u2019s Eve Party in Miami on Tuesday, Gerovich said Japan would be sure to […]<\/p>\n","protected":false},"author":0,"featured_media":32848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-32847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32847"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32847"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/32848"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}MicroStrategy Hastens BTC Accumulation<\/h2>\n