Japan enters the game!
In a surprising and exciting move for the markets, the Japanese company Metaplanet announced its purchase of Bitcoin as part of its financial strategy.
This event is not ordinary… it is considered the first real breakthrough of the idea of "adopting Bitcoin as a form of cash reserve" from within the Japanese market.
Why is this important?
Japan = the third largest economy in the world
Metaplanet is a company listed on the Tokyo Stock Exchange
This step means that the adoption of Bitcoin is no longer exclusive to the West
The message that Metaplanet conveys to the markets:
> "We trust Bitcoin more than the yen, and we see it as a long-term store of value"
Impact on the market?
Investor confidence rose after the purchase announcement
There is increased talk about other Japanese companies that may follow suit
Bitcoin proves that it is on its way to becoming truly "digital gold"
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The inevitable comparison:
MicroStrategy started this craze in 2020
Today, Metaplanet begins an Asian wave of BTC adoption
What's next? Perhaps we will see companies from Korea or Hong Kong getting involved
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Conclusion:
Every institutional purchase = reduction in the amount of Bitcoin available
Supply is limited and demand is rising = explosive price in the future
Do not underestimate any similar news, it is cumulative and creates the "bottom of the bull market"
