Key Takeaways
- If Trump establishes a strategic Bitcoin reserve, it could lead to Japan and other Asian countries doing the same.
- Metaplanet has achieved a 1,900% increase in the value of shares, often called the MicroStrategy of Asia thanks to its Bitcoin investments.
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If Trump implements Bitcoin as a strategic reserve, Japan and other Asian countries will follow the same path, Metaplanet CEO Simon Gerovich said at a recent Bitcoin event hosted by Michael Saylor.
Tokyo-listed Metaplanet, which started its Bitcoin strategy last April, currently holds 1,762 BTC with a value of around $165 million. The company is often referred to as the MicroStrategy of Asia because of its investment approach.
Metaplanet's acceptance of Bitcoin is a response to the rising debt in Japan and the volatility of the yen. Investing in Bitcoin has helped the company overcome a challenging time, which Gerovich previously described as a “zombie” company.
“Slowly but surely seeing Bitcoin become a topic of discussion at the highest levels of government, corporations around the world are starting to adopt it as the Bitcoin standard,” Gerovich said. “Now all we have to do is accumulate more Bitcoin over time for our shareholders. And so 2024 will go down as the year it started. “
The company reported its strongest financial performance since 2017, achieving a return of more than 26 times its original investment. Metaplanet shares are up 1,900% over the year, according to Yahoo Finance dataoutperforming Japanese stock indexes.
Summary 2024:
– #1 return % in Japan: 2,629%
– #1 market cap growth in Japan
– 0 to 1,761 $BTC HODL
– #15 ranked BTC holder globally
– 1st projected profit since 2017
– 388x volume traded year/yearUntil 2025 🚀 pic.twitter.com/NjKkQZgPuj
— Metaplanet Inc. (@Metaplanet_JP) December 31, 2024
When asked if he thought the US President would accept Bitcoin as a strategic asset, Gerovich said “absolutely.”
“We hope that President Trump will do what he said he would do, which is to make Bitcoin a strategic reserve, and then countries around the world will follow,” he said.
He was one of the Trumps top crypto betsand with his election, the crypto community is hopeful that he will deliver on this commitment.
Since winning a second term, Trump has made strides to fulfill his promises, including creating a more business-friendly environment.
It has appointed several individuals with pro-crypto and pro-innovation perspectives to key financial positions. All of them confirm an upcoming shift in the management approach to a rapidly growing industry.
“We're going to do something great with crypto. We don't want China or anybody else to lead — we want to be the leader,” Trump said said as he rang the opening bell at the New York Stock Exchange after his election victory.
If the US doesn't take the lead in crypto, another country, perhaps China, will Trump told Bloomberg in an interview last year. The President-elect previously said that the US “must be the leader in the field, there is no second place.”
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