MP Satoshi Hamada Proposes Strategic Bitcoin Reserve for Japan
Japanese Member of Parliament Satoshi Hamada has proposed the establishment of a Strategic Bitcoin Reserve, aligning Japan with global trends as countries like the United States pursue similar initiatives.
Bitcoin Adoption Among Nations and Corporations
Hamada’s proposal reflects a growing interest in diversifying national reserves with cryptocurrencies, spurred by recent discussions in the Japanese parliament about reserve strategies in the US and other nations.
This interest follows Texas's legislative efforts, where the Texas House of Representatives introduced a bill to create a strategic Bitcoin reserve, led by Republican state Representative Giovanni Capriglione. The bill allows the state to accept taxes, fees, and donations in Bitcoin, committing to hold these assets for at least five years.
Capriglione highlighted that such a reserve could enhance Texas's fiscal stability and reinforce its leadership in Bitcoin innovation. He stated that inflation poses a significant threat to investments, suggesting a strategic Bitcoin reserve could benefit the state.
The legislation, titled “An Act Relating to the Establishment of a Bitcoin Reserve within the State Treasury of Texas and the Management of Cryptocurrencies by Governmental Entities,” signifies increasing institutional interest in Bitcoin as a strategic reserve asset. This trend extends beyond nations; after President-elect Donald Trump proposed a US strategic Bitcoin reserve at the National Bitcoin Conference, there has been a notable rise in BTC adoption among various countries and private firms. Recent reports indicate that nine major companies from sectors including finance, healthcare, and artificial intelligence have adopted Bitcoin as a strategic reserve asset.
October 2025 as Potential BTC Market Peak
Recent developments have seen BTC close above $100,000, leading to speculation about its future trajectory. Crypto analyst Ali Martinez noted that if Bitcoin follows historical trends from previous market cycles, the next peak may occur in October 2025. He observed that past cycles took approximately 1,065 days from market bottom to top, while the duration from one bottom to the next was about 1,430 days.
Martinez identified a critical support level for Bitcoin at $96,870, where around 1.45 million addresses hold approximately 1.42 million BTC. He stated that as long as this demand zone remains intact, Bitcoin is likely to maintain upward momentum.
Currently, BTC trades at $101,477, reflecting a 2% increase over the week following a brief consolidation period and a 7% decline toward $91,000.
Featured image from DALL-E, chart from TradingView.com.