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In a notable development for the cryptocurrency landscape, Japanese MP Satoshi Hamada has urged his government to establish a strategic Bitcoin reserve, bringing Japan in line with a growing global trend in which countries like the United States are pursuing similar initiatives to research.
Bitcoin adoption is rising among countries and major companies
Hamadas proposal reflects a broader interest in diversifying national reserves with cryptocurrencies, especially after recent discussions in the Japanese parliament about reserve moves in the US and other countries.
This surge in interest follows significant legislative efforts in Texas. The Texas House of Representatives has one account aimed at creating a strategic Bitcoin reserve, led by Republican state representative Giovanni Capriglione.
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The proposed legislation aims to allow the state to accept taxes, fees and donations in Bitcoin, with the obligation to keep these assets for a minimum of five years.
Capriglione, who announced the bill at an X Spaces event, highlighted the potential benefits of such a reserve in strengthening the state of Texas. fiscal stability and strengthening its leadership in Bitcoin innovation.
“Probably the biggest enemy of our investments is inflation,” he stated, emphasizing that a strategic Bitcoin reserve could provide a win-win scenario for the state.
The legislation, entitled “An Act Relating to the Establishment of a Bitcoin Reserve within the State Treasury of Texas and the Management of Cryptocurrencies by State Agencies,” underlines a major trend of increasing institutional interest in Bitcoin as a strategic reserve.
It is notable that this movement is not limited to nations; Following President-elect Donald Trump’s proposal for a US strategic Bitcoin reserve at the National Bitcoin Conference in Nashville earlier this year, there has been a clear increase in BTC adoption between different countries and private companies.
Bitcoinist before reported that in the past month alone, nine major companies from sectors such as finance, healthcare and artificial intelligence (AI) have embraced the market’s leading cryptocurrency as a strategic reserve.
October 2025 as the next big BTC market top?
As these developments unfold, BTC recently closed the week above the $100,000 mark, fueling speculation about its future trajectory.
Crypto analyst Ali Martinez has done just that pointed out that if Bitcoin sticks to the historical trends observed in previous market cycles, the next market peak could occur in October 2025.
The analyst noted that in the last two cycles, from market bottom to market top, it took about 1,065 days, while the duration from one market bottom to the next was about 1,430 days.
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Martinez too identified a crucial support level for Bitcoin at $96,870, with approximately 1.45 million addresses accumulating approximately 1.42 million BTC. He stated that as long as this demand zone remains intact, there is a good chance that Bitcoin will continue its upward momentum.
At the time of writing, BTC is trading at $101,477, up 2% on the week after a brief period of consolidation and down 7% towards $91,000.
Featured image of DALL-E, chart from TradingView.com