{"id":137762,"date":"2024-09-24T11:00:02","date_gmt":"2024-09-24T08:00:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137762"},"modified":"2024-09-23T15:59:19","modified_gmt":"2024-09-23T12:59:19","slug":"japan-urged-to-boost-bitcoin-reserves-amid-growing-crypto-interest","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/japan-urged-to-boost-bitcoin-reserves-amid-growing-crypto-interest\/","title":{"rendered":"Japan Urged to Boost Bitcoin Reserves Amid Growing Crypto Interest"},"content":{"rendered":"<p>At the event, attended by key players from Japan\u2019s financial sector, Mow emphasized <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin&#8217;s<\/a><\/strong> potential for growth and its finite supply, paralleling Japan\u2019s longstanding investment in gold.<\/p>\n<p>He <strong><a href=\"https:\/\/x.com\/JAN3com\/status\/1836993173035585656?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1836993173035585656%7Ctwgr%5Ec44fe1f627840199661f626f0e93cb4c38409451%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoingape.com%2Fbitcoin-bull-samson-mow-urges-japan-to-buy-167000-btc-heres-why%2F\">noted<\/a><\/strong> that Japan&#8217;s gold reserves, totaling 846 tons, could be diversified with Bitcoin to enhance the country\u2019s financial stability. Mow described BTC as the \u201chardest asset in existence,\u201d suggesting it could act as a hedge against economic fluctuations.<\/p>\n<p>Despite Mow&#8217;s advocacy, Japan&#8217;s tightening crypto regulations may hinder market growth. Additionally, potential interest rate hikes from the Bank of Japan could affect Bitcoin\u2019s appeal as an investment alternative.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-bears-near-defeat-as-key-64k-level-looms-says-top-analyst\/\" title=\"Bitcoin Bears Near Defeat as Key $64K Level Looms, Says Top Analyst\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-bitcoin-7177601_1280-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Bears Near Defeat as Key $64K Level Looms, Says Top Analyst<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Interestingly, Bhutan recently emerged as a major player in Bitcoin, becoming the fourth-largest government holder with over $750 million in BTC, largely due to its investment in crypto mining powered by hydropower resources.<\/p>\n<p>While Mow pushes for Bitcoin adoption, gold proponent Peter Schiff points out that gold prices are reaching new highs, drawing attention away from cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Samson Mow, CEO of JAN3 and a prominent Bitcoin advocate in Asia, has urged the Japanese government to purchase 167,000 BTC following a recent conference focused on cryptocurrency adoption.<\/p>\n","protected":false},"author":3,"featured_media":218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[],"class_list":["post-137762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Japan Urged to Boost Bitcoin Reserves Amid Growing Crypto Interest<\/title>\n<meta name=\"description\" content=\"Samson Mow, CEO of JAN3 and a prominent Bitcoin advocate in Asia, has urged the Japanese government to purchase 167,000 BTC ...\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japan Urged to Boost Bitcoin Reserves Amid Growing Crypto Interest\" \/>\n<meta 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