Metaplanet CEO says the United States is triggering an international race for BTC reserves.
Crypto analysts have dubbed the Japanese venture capital fund “Japan MicroStrategy” for its voracious Bitcoin purchases.
In an interview at Michael Saylor’s New Year’s Eve party in Miami on Tuesday, Gerovich said Japan would surely do the same if Trump establishes a Bitcoin reserve in the United States.
Trump’s Bitcoin Reserve to Start a Movement
JUST IN: Metaplanet says “if President Trump adopts it as a strategic reserve, then Japan and many other countries in Asia will do the same” in Michael Saylor’s 100K #Bitcoin party
Incoming nation state FOMO pic.twitter.com/eH4dNIflwY
– Simply Bitcoin (@SimplyBitcoinTV) January 1, 2025
Gerovich appeared to make a reference to Saifedean Ammous’s popular tome on cryptocurrencies, “The Bitcoin Standard.”
“Slowly but surely I see Bitcoin becoming a topic of discussion at the highest levels of government. “Corporations around the world are beginning to adopt Bitcoin as a standard,” Gerovich said.
Metaplanet CEO is hopeful that Trump will follow through with his plans to establish the much-vaunted Bitcoin reserve in the US:
“I think the Bitcoin community in the United States helped elect the president. So, hopefully, President Trump will do what he has said: make Bitcoin a strategic reserve,” the CEO said.
Furthermore, he predicted that the move will 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 that sees the United States as a kind of big brother. So I think if President Trump adopts it as a strategic reserve, then Japan and many countries in Asia will do the same.”
“I think many of the countries in Asia [will follow Trump’s lead]. “I think a lot of third world countries in particular will see Bitcoin as a way to prop up their own currencies,” he added.
MicroStrategy accelerates BTC accumulation
Metaplanet is following the lead of American technology company MicroStrategy, making Bitcoin reserves an essential part of its own strategy to maximize the wealth of its investors.
“For us, April was when we decided we wanted 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 to date of 619.7 BTC worth about $60.6 million at the time. Virginia-based MicroStrategy, led by founder Michael Saylor, has accumulated a total of 446,400 BTC so far.
The business intelligence and cloud-based services firm started for the first time buying Bitcoin in August 2020. Saylor credits “The Bitcoin Standard” for radicalizing him in favor of Bitcoin.
MicroStrategy shares fell 36% in December, correcting a year of strong gains to a 342% year-over-year gain with a six-month gain of 121% for MSTR stock.
Binance Free $600 (CryptoPotato Exclusive) – Use this link to register a new account and receive an exclusive welcome offer of $600 on Binance (full details).
LIMITED OFFER for CryptoPotato readers on Bybit: Use this link to register and open a FREE $500 position in any coin!
