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In a notable development for the cryptocurrency landscape, Japanese Member of Parliament Satoshi Hamada urged his government to establish a Bitcoin Strategic Reserve, aligning Japan with a growing global trend in which nations like the United States are exploring similar initiatives.
Bitcoin adoption increases among nations and large corporations
Hamada’s proposal reflects a broader interest in diversifying national reserves with cryptocurrencies, particularly after recent discussions in the Japanese parliament over reserve movements in the US and other countries.
This surge in interest comes on the heels of significant legislative efforts in Texas. The Texas House of Representatives has introduced a bill aimed at creating a strategic Bitcoin reserve, headed by Republican state representative Giovanni Capriglione.
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The proposed legislation seeks to allow the state to accept taxes, fees and donations in Bitcoin, with a commitment to hold these assets for a minimum of five years.
Capriglione, who announced the bill during an X Spaces event, emphasized the potential benefits of such a reservation for the betterment of the state of Texas. fiscal stability and reinforce its leadership in Bitcoin innovation.
“Probably the biggest enemy of our investments is inflation,” he said, highlighting that a strategic reserve of Bitcoin could provide a win-win scenario for the state.
The legislation, titled “An Act Relating to the Establishment of a Bitcoin Reserve within the Treasury of the State of Texas and the Management of Cryptocurrencies by Governmental Entities,” underscores a significant trend of growing institutional interest in Bitcoin as a strategic reserve asset. .
Notably, this movement is not limited to nations; Following President-elect Donald Trump’s proposal for a US strategic Bitcoin reserve at the National Bitcoin Conference in Nashville earlier this year, there has been a marked uptick in BTC adoption between several countries and private companies.
Former Bitcoinist reported In the past month alone, nine major companies across sectors including finance, healthcare and artificial intelligence (AI) have adopted the market-leading cryptocurrency as a strategic reserve asset.
October 2025 as the next big BTC market top?
As these events unfold, BTC recently closed the week above the $100,000 mark, fueling speculation about its future trajectory.
Cryptoanalyst Ali Martinez has pointed out that if Bitcoin adheres to historical trends seen in previous market cycles, the next market peak could occur in October 2025.
The analyst noted that in the last two cycles, from the bottom of the market to the top of the market, it took approximately 1,065 days, while the duration from one bottom of the market to the next was around 1,430 days.
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Martinez too identified a critical support level for Bitcoin at $96,870, where approximately 1.45 million addresses accumulated around 1.42 million BTC. He stated that as long as this demand zone remains intact, there is a high probability that Bitcoin will continue its upward momentum.
At the time of writing, BTC is trading at $101,477, up 2% on the week after a brief period of consolidation and a 7% drop towards $91,000.
Featured image of DALL-E, chart from TradingView.com
