Japanese lawmaker urges consideration of Bitcoin reserve in light of US efforts

Japanese lawmaker Satoshi Hamada has called on the government to explore the possibility of integrating Bitcoin ( BTC ) into its foreign exchange reserves, emphasizing its potential as a strategic asset amid growing global interest in crypto adoption.

During a Dec. 11 parliamentary session , Yamada posed questions about Japan’s approach to crypto reserves. He pointed to efforts in the US and Brazil, where policymakers have considered Bitcoin reserves as a hedge against economic risks .

He reportedly asked:

“Should Japan also introduce a system to convert part of its foreign exchange reserves into crypto assets such as Bitcoin?”

Hamada further noted the significant power such a move could hold in global markets. The inquiry coincides with Bitcoin reaching a milestone price of over $100,000, reflecting its growing acceptance and value.

According to CryptoSlate data, Bitcoin was trading at $101,351 as of press time on Dec. 13.

Hamada’s comments come as Japan faces economic challenges. Recently, it has fallen behind Germany as the fourth-largest economy globally. Advocates argue that adopting a Bitcoin reserve could enhance Japan’s financial flexibility and demonstrate leadership in the digital asset space.

The initiative mirrors international developments, such as discussions in the US following the election of a crypto-friendly administration and policy proposals in Brazil. Russian lawmakers have also proposed the strategic use of Bitcoin in government reserves .

While the Japanese government has not yet responded to the proposal, the lawmaker’s remarks highlight a growing recognition of cryptocurrencies’ potential to influence national economic strategies.

Bitcoin’s continued surge past $100,000 adds weight to the argument for its inclusion in sovereign financial planning.