Asia to follow US on Bitcoin Reserve if Trump moves forward

Metaplanet CEO Simon Gerovich believes that Japan and other Asian countries will follow the United States in adopting Bitcoin (CRYPTO:BTC) reserves if President Trump implements his plan to establish a national Bitcoin reserve.

Gerovich, speaking at Michael Saylor’s New Year’s Eve Party in Miami, said that the United States is setting off an international race for Bitcoin reserves.

He pointed out that the Japanese venture capital fund, often called the “MicroStrategy of Japan,” has already been acquiring significant amounts of Bitcoin, showing the growing interest in the digital asset.

“If President Trump does adopt it as a strategic reserve, then Japan and many countries in Asia will do the same,” Gerovich stated, emphasising that nations, particularly in Asia, often look to the US as a model for financial strategy.

The CEO of Metaplanet expressed confidence that Trump's proposed Bitcoin reserve would pave the way for other countries to follow suit.

He sees Bitcoin's potential as a national asset to shore up currencies, particularly for nations struggling with their economies.

Gerovich specifically mentioned that third-world countries could benefit from Bitcoin as a store of value.

Metaplanet, which has been likened to MicroStrategy due to its aggressive Bitcoin accumulation strategy, made its largest-ever Bitcoin purchase in December, acquiring 619.7 BTC for approximately $60.6 million.

The firm’s strategy mirrors that of MicroStrategy, which began accumulating Bitcoin in August 2020.

As of now, MicroStrategy holds 446,400 BTC, a move credited to the influence of “The Bitcoin Standard” by Saifedean Ammous.

At the time of reporting, the Bitcoin price was $97,168.53.