Recently, Metaplanet has increased its holdings of Bitcoin again, which is truly eye-catching! It brings back memories of the Mt. Gox incident in Japan that disheartened so many people about Bitcoin. However, Metaplanet has taken the opposite approach, steadfastly embracing Bitcoin. What deeper logic lies behind this?
In fact, this is not unrelated to Japan's unique economic environment. Long-term low interest rates, and even negative interest rates, have significantly diminished the appeal of the yen. The scarcity of Bitcoin, on the other hand, can hedge against the risk of yen depreciation, much like putting a layer of 'bulletproof armor' on one's assets.
Metaplanet's strategy is somewhat akin to MicroStrategy's global approach. Both treat Bitcoin as a core asset allocation to counteract the devaluation of fiat currency. Whether this strategy will succeed, time will tell. But at the very least, it provides other companies facing similar dilemmas with a new perspective: when traditional financial tools are no longer reliable, perhaps embracing emerging digital assets would be a better choice. What do you think?