Japan is not considering the prospect of creating a national Bitcoin reserve. Why?

It should be noted that even the authorities of some US states want to invest in Bitcoin. They explain the initiative by the desire to protect themselves from the depreciation of the dollar, and the relevant legislation for this is already ready.

Read more about this topic in a separate article.

Which countries will buy bitcoins?

The bold strategy of the US President-elect has found support from far from many members of other governments around the world. For example, Japanese Prime Minister Shigeru Ishiba said that his country has little information about the specifics of forming an American crypto reserve. At the same time, in general, Japan is unlikely to resort to such a measure in the foreseeable future.

In an interview, Prime Minister Shigeru Ishiba said he lacked insight into the “actions” of countries that are discussing potential crypto reserves, as quoted by Cointelegraph .

It is difficult for the government to express its position on this matter.

That was the answer to a question from Satoshi Hamada, a member of the House of Councillors, who asked what steps Japan is taking to adopt Bitcoin as a reserve, citing initiatives within the US and elsewhere.

Here is one of Hamada’s statements on this situation.

I believe Japan should follow the US example and consider moving some of its foreign exchange reserves into crypto assets such as Bitcoin.


The prospect of massive Bitcoin purchases by governments around the world seems inevitable. After all, the digital asset has won many fans since the launch of spot ETFs in the US in January 2024. And BTC itself continues to be distinguished by a limited maximum supply, a stable decrease in inflation rates by 50 percent approximately every four years, as well as the transparency of the blockchain at its core. These advantages are enough to make the cryptocurrency perceive as a full-fledged analogue of gold - albeit in virtual form.


Ishiba, in turn, emphasized that crypto assets do not fall into the category of foreign currencies.

Earlier, Strike founder and CEO Jack Mallairs expressed the opinion that Donald Trump could issue an executive order to create a national Bitcoin reserve on the first day of his presidency. However, this is just a version that could easily not come true.

At the same time, Brazilian congressman Eros Biondini presented a bill on the eve to create a sovereign federal reserve of bitcoins. The document proposes the creation of the BTC Sovereign Strategic Reserve, known by the acronym RESBit.

Meanwhile, major crypto platforms say over-the-counter (OTC) trading volumes have risen sharply in recent months, with the outcome of the US presidential election a key factor.

Here’s a statement from Kraken’s Head of Institutional Relations Tim Ogilvie on the matter, as cited by The Block .

In short, OTC trades are on the rise right now. Prices are rising, but volumes are increasing even more.

Ogilvy noted that Kraken’s OTC trading volumes have grown 220 percent year-over-year, and other OTC trading firms have seen similar growth.

For example, Wintermute OTC trader Jake Ostrovskis noted that the market was relatively quiet mid-year before crypto prices began to surge ahead of the election. He said Wintermute had been in talks with some clients for years, with the election serving as a signal for them to begin trading.

Embert Lin, a trader at market-making company GSR, noted that the company’s trading volumes have also increased significantly since the US presidential election.

With Bitcoin and altcoins on the rise, projects and investors are becoming more active in managing their resources and risks at these levels. Institutional investors and other players are also looking for new opportunities and ways to invest outside of BTC and ETH.

BitGo, with relatively little hype, opened an over-the-counter trading desk in the first half of 2024 to take advantage of the surge in volumes following the approval of a Bitcoin ETF in the U.S. BitGo’s Go Network leader Brett Reeves even said the election was the main driver of the volume surge , with two-thirds of trading occurring in the last three months.

Looking ahead to next year, Reeves expects continued strong demand, particularly for Bitcoin and Ethereum. He noted that OTC trading has reduced some of the volatility in exchange trading, though it remains higher than in traditional finance.

It is worth noting the increase in seller pressure on the digital asset market. After all, over the past week, more than 33 thousand bitcoins, equivalent to $3.23 billion, have been sent to centralized crypto exchanges. This means that there have been more than enough people willing to get rid of crypto lately.


So far, Japanese officials have no plans to allocate funds for the purchase of Bitcoin. However, this does not mean that this will continue forever. After all, a year ago, the ongoing terror of the US Securities and Exchange Commission against the coin industry also seemed endless.