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Title: Japan rejects Bitcoin Reserve plan, citing volatility, insufficient information, and legal issues.
Source: [None]
URL Source: https://citizenwatchreport.com/japa ... the-last-5-weeks-is-the-ponzi/
Published: Dec 27, 2024
Author: Horse
Post Date: 2024-12-27 12:59:32 by Horse
Keywords: None
Views: 58

MSTR been buying $BTC for 7 weeks in a row now, BTC has been flat for the last 5 weeks. Is the ponzi about to blow? Japan’s government recently turned down a proposal to create a Strategic Bitcoin Reserve, and their reasons are pretty understandable. Firstly, Bitcoin is infamous for its extreme volatility. Imagine your national reserves flipping and flopping like a fish out of water; that’s the kind of rollercoaster Japan wants to avoid. Just a few days ago, on December 26, 2024, Bitcoin’s price took a 4% nosedive due to a simple glitch on TradingView. That kind of unpredictability makes it a risky bet for something as crucial as national reserves.

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