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In a notable development in the cryptocurrency space, Japanese Member of Parliament Satoshi Hamada has urged his government to create a strategic reserve for Bitcoin, bringing Japan in line with a growing global trend where countries like the United States explore similar initiatives.
Increased adoption of Bitcoin among countries and major companies
Hamada an offer It reflects a broader interest in diversifying national reserves with cryptocurrencies, especially after recent discussions in the Japanese parliament about reserve movements in the United States and other countries.
This increase in interest comes on the heels of significant legislative efforts by the state of Texas. The Texas House of Representatives introduced A invoice It aims to create a strategic bitcoin reserve, led by Republican state representative Giovanni Capriglione.
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The proposed legislation seeks to enable the state to accept taxes, fees, and donations in Bitcoin, with a commitment to retain these assets for a period of no less than five years.
Capriglione, who announced the bill during the X Spaces event, stressed the potential benefits of such a reserve in strengthening Texas’ statehood. Financial stability And enhance its leadership in the field of Bitcoin innovation.
“Inflation is perhaps the biggest enemy of our investments,” he said, highlighting that Bitcoin’s strategic reserve could provide a win-win scenario for the country.
The legislation, titled “An Act Concerning the Establishment of a Bitcoin Reserve within the Treasury of the State of Texas and the Administration of Cryptocurrencies by Government Entities,” highlights an important trend of increasing institutional interest in Bitcoin as a strategic reserve asset.
It is worth noting that this movement is not limited to countries; Following President-elect Donald Trump’s proposal to create a US Strategic Bitcoin Reserve at the National Bitcoin Conference in Nashville earlier this year, there has been a notable rise in… Bitcoin adoption Between various countries and private companies.
Formerly Bitcoinist I mentioned Just last month, nine major companies from sectors including finance, healthcare and artificial intelligence (AI) adopted the market-leading cryptocurrency as a strategic reserve asset.
October 2025 is the next high in the BTC market?
As these developments unfold, Bitcoin recently closed the week above the $100,000 level, sparking speculation about its future path.
Cryptocurrency analyst Ali Martinez He pointed out If Bitcoin adheres to historical trends observed in previous market cycles, the next market peak could occur in October 2025.
The analyst pointed out that in the last two cycles, from the bottom of the market to the top of the market, it took about 1,065 days, while the duration from the bottom of the market to the other was about 1,430 days.
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Martinez too It has been identified A crucial support level for Bitcoin is at $96,870, where approximately 1.45 million addresses have accumulated around 1.42 million BTC. He stated that as long as this demand zone remains intact, there is a strong possibility that Bitcoin will continue its upward momentum.
At the time of writing, Bitcoin is trading at $101,477, up 2% on the week after a brief period of consolidation and a 7% decline towards $91,000.
Featured image of DALL-E, chart from TradingView.com