If Trump Creates a Strategic Stockpile of Bitcoin, Japan and Other Asian Countries Will Follow, Says Metaplanet CEO

Share this article

If Trump uses bitcoin as a strategic reserve, Japan and other Asian countries will follow the same path, Metaplanet CEO Simon Jerovich said at a recent Bitcoin event hosted by Michael Saylor.

Tokyo-listed Metaplanet, which started the Bitcoin strategy last April, currently holds 1,762 BTC worth approximately $165 million. The company is often referred to as MicroStrategy in Asia due to its investment approach.

Metaplanet’s adoption of Bitcoin is a response to Japan’s rising debt and yen volatility. The investment in Bitcoin has helped the company escape a challenging period, which Jerovich previously likened to being a “zombie” company.

“Slowly but surely, Bitcoin is becoming a topic of discussion at the highest levels of government, and companies around the world are beginning to adopt it as the standard for Bitcoin,” Gerovich said. He said. “Now all we want to do is accumulate more bitcoins over time for our shareholders. So 2024 will be the year it all started.

The company reported its strongest financial performance since 2017, achieving a return of more than 26 times its initial investment. Metaplanet shares are up 1,900% over the year, according to Yahoo Finance DataOutperforming all Japanese stock indices.

2024 Summary:
– Japan’s No. 1 return rate: 2,629%
– ⁠ No. 1 in market capitalization growth in Japan
– From 0 to 1,761 $ Bitcoin Hodel
– #15 BTC holder listed globally
– The first expected profit since 2017
– ⁠388x trading volume annually/year

To 2025 🚀 pic.twitter.com/NjKkQZgPuj

– Metaplanet Company (@Metaplanet_JP) December 31, 2024

When asked if he thought the US president-elect would embrace Bitcoin as a strategic reserve, Jerovich said, “Absolutely.”

He added: “I hope that President Trump will do what he said he would do, which is make Bitcoin a strategic reserve, and then countries around the world will follow.”

It was one of Trump’s Key crypto promisesWith his election, the cryptocurrency community hopes he will fulfill this commitment.

Since winning a second term, Trump has made strides to deliver on his promises, including creating a more crypto-friendly environment for businesses.

He has appointed several individuals with pro-crypto and pro-innovation views to key financial positions. They all confirm an imminent shift in regulatory approach to the fast-growing industry.

“We are going to do something great in crypto. We don’t want China or anyone else to lead – we want to be the head.” male When he rang the opening bell at the New York Stock Exchange after winning the election.

If the United States does not take the lead on cryptocurrencies, another country, most likely China, will, namely Trump He said Bloomberg in an interview last year. The president-elect had previously declared that the United States “must be the leader in this field, there is no second place.”

Share this article