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JAPANESE COMPANY BUYS BITCOIN AS HEDGE AGAINST $YEN (Eruptions Market Report 4-26-24)

Metaplanet, a Japanese company, invests ¥1 billion ($6.25 million) in Bitcoin, mirroring MicroStrategy's approach.


The investment, disclosed in a recent announcement, highlights a strategic pivot towards cryptocurrency adoption.


Metaplanet's bold move shows confidence in Bitcoin's potential, positioning the firm as a pioneer in Japan's digital finance landscape.



The Japanese $YEN has been weakening this year, and Metaplanet has made the move to preserve some of their capital in Bitcoin.


This is JUST THE BEGINNING.


In 10-15 years, most companies in the world will be holding Bitcoin on their balance sheet.


Combine that with the fact that Bitcoin supply is severely limited and dropping fast, and YOU KNOW WHAT HAPPENS.


And that doesn't even factor in nation states or individuals buying Bitcoin.


Let the game theory begin.



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