Emily Walker
During Michael Saylor’s extravagant New Year’s Eve party in Miami, which was themed around Bitcoin and featured discussions on the cryptocurrency’s future, Simon Gerovich, the President and CEO of Metaplanet—often referred to as Japan’s MicroStrategy—shared his thoughts on how Bitcoin adoption is changing among governments and businesses. In a special interview, Gerovich discussed the global consequences if the newly elected US President Donald Trump decides to set up a Strategic Bitcoin Reserve (SBR).
Asian Countries Potentially Following Trump’s Bitcoin Initiative
Gerovich noted a steady progression of Bitcoin being incorporated into crucial discussions by governments and corporations on a global scale. He mentioned, “Slowly but surely, Bitcoin is becoming a subject of conversation in the highest echelons of government, with corporations globally beginning to adopt it as the new standard.” He elaborated on Metaplanet’s shift towards Bitcoin, stating, “In April, we chose to embrace Bitcoin and are now focused on accumulating more BTC for our shareholders. The year 2024 will mark the beginning of this journey.”
On the subject of how Trump’s initiatives could enhance global adoption, Gerovich expressed optimism about the president-elect’s dedication. “The Bitcoin community in the US certainly played a role in his election. It’s my hope that President Trump will fulfill his commitment to establishing Bitcoin as a strategic reserve,” he said. He suggested that the US’s actions could pave the way for other nations to follow. “Countries worldwide will likely take cues from this,” he added.
When discussing Japan’s potential response to this shift, Gerovich mentioned Japan’s tendency to adopt policies similar to those of the US. “Japan often looks to the US as a leader. If President Trump endorses Bitcoin as a strategic reserve, I anticipate that Japan and other Asian countries will follow suit,” he explained.
He proposed that the spread of Bitcoin in Asia and other developing regions could enhance their currencies. “We might witness a full-circle moment in game theory. Many developing countries may see Bitcoin adoption as a way to strengthen their currencies. It will be fascinating to observe,” he continued.
Gerovich also shared insights from a recent Bitcoin conference in Abu Dhabi, noting, “We heard from various governments in the area, and it seems many are quietly acquiring Bitcoin. I expect announcements could come soon.” He speculated that once Trump publicizes the strategic reserve, other countries will openly acknowledge their Bitcoin assets. “Following President Trump’s announcement, many nations might reveal that they too hold BTC,” he predicted.
As of now, Bitcoin is trading at $94,325.