Degen

Satoshi Hamada, a Japanese lawmaker, has called on the government to consider incorporating Bitcoin into its foreign exchange reserves, highlighting its potential as a strategic asset.

During a session of the Japanese parliament, Hamada asked about the country’s approach to digital currency reserves, citing efforts in the United States and Brazil. He called for Japan to introduce a system to convert part of its foreign exchange reserves into digital assets such as Bitcoin.

The proposal comes as the price of Bitcoin has surged past $100,000. Hamada argued that accepting Bitcoin reserves could increase Japan’s fiscal resilience and demonstrate the country’s leadership in the digital asset space.

In a question submitted to Japan’s House of Councilors on December 11, Hamada asked the government to examine “the state of understanding of the move toward introducing Bitcoin reserves in the United States and other countries.”