This article is also available in Spanish.
In a significant development in the cryptocurrency landscape, Japanese Member of Parliament Satoshi Hamada has called on his government to establish a Strategic Bitcoin Reserve, joining Japan in a growing global trend where countries like the United States are exploring similar plans.
Bitcoin Adoption Is Increasing Among Nations and Large Companies
Hamada a suggestion shows a wide interest in the division of national reserves with cryptocurrencies, especially following the recent discussions in the Japanese parliament about the move set in the US and other countries.
This surge in interest comes on the heels of significant legislative efforts in Texas. The Texas House of Representatives introduced a bill aimed at creating a strategic Bitcoin repository, led by Republican state Representative Giovanni Capriglione.
Related Reading
The proposed law seeks to enable the state to accept taxes, fees, and donations in Bitcoin, with a commitment to keep these assets for a minimum of five years.
Capriglione, who announced the bill during the X Spaces event, emphasized the potential benefits of such a development site in Texas. financial stability and strengthening its leadership in Bitcoin innovation.
“Perhaps the biggest enemy of our investments is inflation,” he said, stressing that a strategic Bitcoin reserve could provide a win-win situation for the government.
The law, titled “An Act Relating to the Establishment of a Bitcoin Depository within the State of Texas Treasury and the Management of Cryptocurrencies by Government Entities,” underscores the important trend of increasing institutional interest in Bitcoin as a strategic asset.
Significantly, this movement is not limited to nations only; following President-elect Donald Trump’s proposal to preserve US strategic Bitcoin at the National Bitcoin Conference in Nashville earlier this year, there has been a significant uptick Acceptance of BTC between various countries and private companies.
Bitcoinist before report that in the past month, nine major firms from sectors including finance, healthcare, and artificial intelligence (AI) have adopted the market’s leading cryptocurrency as a strategic asset.
October 2025 As The Next Big BTC Market?
As these events took place, BTC recently closed the week above the $100,000 mark, fueling speculation about its future trajectory.
Crypto analyst Ali Martinez has he revealed that if Bitcoin adheres to the historical trends observed in previous market cycles, the next market peak may occur in October 2025.
The analyst noted that in the last two cycles, from the bottom of the market to the top of the market, it took about 1,065 days, while the length of time from the bottom of the market to the next was 1,430 days.
Related Reading
Martinez again identified Bitcoin’s key support level is at $96,870, where about 1.45 million addresses accumulate about 1.42 million BTC. He said that as long as this demand area remains the same, there is a good chance that Bitcoin will continue its rise.
At the time of writing, BTC is trading at $101,477, up 2% in the week after a short period of consolidation and a 7% drop to $91,000.
Featured image from DALL-E, chart from TradingView.com
Source link