Japanese Lawmaker Named Satoshi Proposes BTC Reserve – Is $150,000 Bitcoin Price Possible in December?

Bitcoin price remains on a strong upward trajectory, currently trading around $100,860 and reaching an intra-day high of $102,577. This growth reflects broader market bullishness and increased institutional interest in Bitcoin as a financial asset. Key drivers include MicroStrategy’s inclusion in the Nasdaq-100 and global discussions on national Bitcoin reserves.

Moreover, Japan is considering creating a national Bitcoin reserve, signaling that countries are starting to see Bitcoin as an important financial asset. This recognition could increase demand for Bitcoin and strengthen its role in global financial strategies, further supporting its price growth.

National BTC Reserves: A Global Push Underpin Bitcoin Price

A notable development comes from Japan, where lawmaker Satoshi Hamada has proposed establishing a national Bitcoin reserve. Submitted to Japan’s National Diet on December 11, this initiative aims to position Bitcoin as a strategic financial asset.

While Hamada’s party holds limited influence, support from key political figures like Yuichiro Tamaki, leader of the Democratic Party for the People, could lend momentum. Tamaki has previously advocated for crypto-friendly tax reforms and regulatory improvements, signaling a potential shift in Japan’s stance on Bitcoin.

Globally, other nations are also exploring similar initiatives. In the U.S., discussions include proposals like Senator Cynthia Lummis’s plan for the Treasury to acquire 1 million Bitcoins within five years, and Texas’s push for a state Bitcoin reserve. Brazil and Poland have introduced similar legislative efforts.

These moves signal Bitcoin’s growing recognition as a strategic asset, driving demand and enhancing investor confidence.

MicroStrategy’s Nasdaq-100 Inclusion and Implications

MicroStrategy, the largest corporate holder of Bitcoin, will join the Nasdaq-100 on December 23, becoming the first Bitcoin-focused company in this elite index. This milestone aligns MicroStrategy with major firms like Apple and Tesla, increasing Bitcoin’s visibility among institutional investors.

Analysts estimate that ETFs linked to the Nasdaq-100, such as Invesco’s QQQ, could allocate up to $2.1 billion to MicroStrategy, boosting its stock price and indirectly increasing exposure to Bitcoin.

MicroStrategy’s Bitcoin strategy, led by Michael Saylor, has positioned the company as a key advocate for Bitcoin adoption. The firm holds $42 billion worth of Bitcoin, and its Nasdaq-100 inclusion is seen as a validation of its approach.

However, experts caution that MicroStrategy’s heavy Bitcoin exposure could lead to a reclassification as a financial firm, potentially disqualifying it from the index. Despite this risk, the move has already pushed Bitcoin price above $102,000 and MicroStrategy’s stock past $400.

Broader Implications for Bitcoin

The growing adoption of Bitcoin as a national reserve and increased exposure through institutional channels like the Nasdaq-100 highlight its evolution into a mainstream financial asset.

These developments are driving demand and reinforcing Bitcoin’s role in global financial strategies, making it a central figure in the cryptocurrency market’s ongoing growth.

As nations and corporations deepen their engagement with Bitcoin, its trajectory as a valuable and strategic asset appears increasingly solidified.

Bitcoin Price Holds Key Support Near $100,860; Rising Channel Pattern

Bitcoin (BTC) is currently trading at $100,860, showing a minor decline of 0.46% in the last session. The chart reveals a rising channel pattern, with Bitcoin testing key support near $100,800.

A break below this level could lead to further downside toward $99,736 and $99,000, with stronger support seen at $97,349.

On the upside, immediate resistance lies at $101,404, followed by $102,617 and $103,661.

The Relative Strength Index (RSI) at 53.13 indicates neutral momentum, though a dip below 50 could signal increased bearish pressure.

Meanwhile, the 50-day Exponential Moving Average (EMA) around $99,689 is acting as a dynamic support level, reinforcing the ongoing trend.

For now, Bitcoin’s technical outlook suggests cautious optimism, as it remains within its ascending channel.

–

$STARS Presale Surges Past $16.8M: Final Days to Participate

Crypto All-Stars ($STARS) is redefining staking for meme coin holders with its innovative MemeVault platform. This platform allows users to stake popular tokens like $DOGE, $SHIB, and $PEPE, offering annual returns of up to 175% APY.

With a mission to unify meme coin enthusiasts, $STARS is creating a simplified and rewarding staking experience.

The presale has now raised an impressive $16.88 million, with just 5 days and 17 hours left for investors to join before the launch. Influencers like ClayBro have highlighted $STARS’ unique approach to staking, attracting significant interest from both casual and seasoned investors.

Analysts forecast a potential 11x increase, projecting the token to reach $0.02 in 2024.

Key Details:

• Presale Raised: $16.88M so far.
• Staking Returns: Up to 175% APY on $DOGE, $SHIB, and $PEPE.
• Growth Potential: Analysts predict $0.02 per token in 2024.
• Current Price: 1 $STARS = $0.0016782.

With limited time remaining, $STARS is drawing considerable attention for its practical staking benefits and successful presale. Don’t miss this opportunity to secure your stake before the final countdown ends.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.