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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.