Metaplanet CEO says US is launching an international race for BTC reserves.
Crypto analysts have dubbed the Japanese venture fund the “MicroStrategy of Japan” for its voracious purchases of Bitcoin.
In an interview on Tuesday at Michael Saylor’s New Year’s Eve party in Miami, Gerovich said Japan would definitely follow if Trump established a Bitcoin reserve in the United States.
Trump Bitcoin Reserve to Start a Movement
JUST IN: Metaplanet declares that “if President Trump adopts it as a strategic reserve, then Japan and many other Asian countries will do the same” during the Michael Saylor 100K. #Bitcoin party
Incoming Nation-State FOMO pic.twitter.com/eH4dNIflwY
– Simply Bitcoin (@SimplyBitcoinTV) January 1, 2025
Gerovich appeared to drop a reference to Saifedean Ammous’ popular book on cryptocurrency, “The Bitcoin Standard.”
“I slowly but surely see Bitcoin becoming a topic of discussion at the highest levels of government. Businesses around the world are starting to adopt it as the Bitcoin standard,” Gerovich said.
Metaplanet CEO hopes Trump will follow through on his plans to establish the vaunted U.S. Bitcoin reserve:
“I think the Bitcoin community in the United States helped elect the president. So I hope President Trump does what he said: make Bitcoin a strategic reserve,” the CEO said.
Furthermore, he predicted that the move would validate Bitcoin as a national resource for other countries and create urgency for other governments to join the race.
“Countries around the world will follow,” Gerovich said. “Japan is one of those countries where the United States is sort of their big brother. So I think if President Trump adopts it as a strategic reserve, Japan and many Asian countries will do the same.”
“I think many countries in Asia will follow Trump’s lead. I think many third world countries in particular will look at Bitcoin as a way to consolidate their own currency,” he added.
MicroStrategy Accelerates BTC Accumulation
Metaplanet is following the path of American technology company MicroStrategy, making Bitcoin stocks a vital part of its own strategy to maximize the wealth of its investors.
“April, for us, is when we decided to start adopting Bitcoin,” Gerovich said. “And now what we want to do is accumulate more Bitcoin over time for our shareholders.”
In December, Metaplanet made its largest purchase ever of 619.7 BTC, worth approximately $60.6 million. Virginia-based MicroStrategy, led by founder Michael Saylor, has so far raised a total of 446,400 BTC.
The business intelligence and cloud-based services company began buying Bitcoin in August 2020. Saylor credits “The Bitcoin Standard” with radicalizing him in favor of Bitcoin.
MicroStrategy shares fell 36% in December, correcting a year of roaring gains to a 342% annual increase with a 121% six-month gain for MSTR shares.
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