Peter Schiffa renowned macroeconomic analyst and gold advocate, recently shared his view on Japan's economic policies, while also expressing strong doubts about the concept of gold. Bitcoin (BTC) As a strategic reserve.

Noting that the Bank of Japan's efforts to raise inflation over the past decade have backfired, Schiff noted that the economy would have been better off if inflation had remained below 2% instead of 3.4% as it is now, which is the scenario he believes it is. It would have prevented the accumulation of large government debts.

In response to a follower's suggestion that several countries, including the United States, may plan to adopt Bitcoin as a strategic reserve, Schiff dismissed the idea as unfounded speculation. He noted that such allegations are likely to be spread by individuals seeking to manipulate the issue Bitcoin price For personal gain.

Japan's stance on cryptocurrency reserves has been cautious, with Prime Minister Shigeru Ishiba saying in December 2024 that the volatility of crypto assets, including Bitcoin, is not compatible with the current system, making the introduction of a Bitcoin reserve questionable.

Does Bitcoin belong to the strategic reserve?

However, a lack of information about US plans has also been cited as one of the reasons, providing a glimmer of hope for those in favor of creating a Japanese Bitcoin reserve. Once this issue is finally resolved in the United States, other countries that rely on the United States as a standard will also make their own decisions regarding such an initiative.

According to the latest news, the new US administration, which will take power, plans to appoint about 24 executives and corporate financiers to the proposed Cryptocurrency Advisory Council to provide policy for creating a community. Bitcoin Strategic Reserve. It will also work with key government agencies, including the Securities and Exchange Commission (SEC), CFTC and Treasury, to provide regulatory clarity and create a favorable environment for cryptocurrencies.

None of this has been determined yet, leaving room for speculation like Schiff's. The only concrete information the market is likely to receive is when the relevant guidelines are issued by the relevant authorities.