US Bitcoin Reserve? Japan’s Got a Say, Says Bitwise Exec!

by

In a most fascinating exchange, Nathalie Brunell sat with Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, where he boldly proclaimed that US sovereign Bitcoin holdings are an inevitable reality. Not “if,” mind you, but “when”-and of course, only after a slow, deliberate, and carefully legislated process. Yes, folks, no wild decisions here, just good old-fashioned bureaucracy.

Park’s argument was strong and unequivocal: “It will be inevitable that governments will buy Bitcoin on their balance sheet. This is something I feel very strongly about,” he insisted. However, he did offer a little advice for the impatient souls out there: “Be patient. It’s not likely a rogue decision.” Well, thanks, Jeff, we were all on the edge of our seats waiting for that one.

But hold your horses! There’s a fine line between an executive order and a “durable national policy.” According to Park, an executive order is as volatile as a reality TV show plot twist: “Executive orders can be turned by the next administration,” he noted. Meanwhile, a legislated strategic reserve? That, dear reader, “embeds the mandate of the people.” Very poetic, Jeff. Let’s get the poetry books out next.

Why The US Bitcoin Reserve May Hinge On Japan

And now for the real juicy part-Park believes that the US Bitcoin reserve won’t be a solo mission, no sir. It’s more like a team sport, with Japan being a key player in this thrilling economic drama. According to him, the United States operates within a “social contract” with allies like Japan. Imagine the surprise if the US suddenly decided to buy Bitcoin without a little heads-up: “It would be a slight betrayal of that social contract,” Park explained, like a jilted lover at the altar. Classic.

Park specifically raised Japan’s role: “Once you start seeing Japan embrace Bitcoin, then I do think we’re ready for that dialogue to happen at the country levels.” But remember, he’s not talking about wild spontaneous Bitcoin purchases here. No, no, no. It’s a well-thought-out strategic maneuver, with lots of coordination and trust-building. Think of it like trying to convince your friend to lend you money for your startup… and maybe buy some Bitcoin while you’re at it.

On the flip side, Park offered a practical observation: Sovereign Bitcoin reserves today mostly come from legal seizures, not exactly the market accumulation you might have hoped for. You know, “seizures” like the ones in the US and China. How delightful. And let’s not forget, using eminent domain to snatch up Bitcoin would cross a line for the US, a line “the US generally is not on that side of history for.” Something tells me there’s a reason for that!

But wait, there’s more. Park also pointed out that open-market accumulation at scale would be “price-disruptive,” meaning it could cause a Bitcoin frenzy akin to a Black Friday sale. So, in typical American fashion, he suggested a more “American pathway” through market structures and public-private alignment. Imagine a world where Bitcoin treasury companies are private but aligned with the national mission, like Fannie Mae and Freddie Mac. It sounds so American, doesn’t it? Just missing a hot dog stand.

Park wrapped up his thought process with a rousing economic vision. Post-2008 policies have elevated the importance of “abundant reserves,” and in that context, “Bitcoin is the scarcest, hardest asset known to man.” Who knew the future of currency could be so poetically dramatic? He envisions Bitcoin eventually overtaking the dollar in a harmonious, symbiotic relationship-American exceptionalism with a side of crypto.

To sum it all up, Park is clear and firm: Governments buying Bitcoin is inevitable. But as for the US? Well, that requires congressional authorization, signaling with allies-especially Japan-and institutional mechanisms capable of executing at scale. So get your popcorn ready. This show’s just getting started.

At press time, BTC traded at $111,103. Not bad, huh?

Read More

2025-09-04 03:14