Metaplanet CEO Simon Gerovich said at the Bitcoin Asia conference in Hong Kong that the first Asian cycle for bitcoin has already begun. The Tokyo Stock Exchange-listed company became the world’s third-largest bitcoin treasury with 43,000 BTC worth approximately $3.3 billion. Gerovich highlighted that Japanese households hold roughly $14 trillion in financial assets, with about half sitting in low-yield bank deposits. Regulatory changes in Japan, Hong Kong, and Singapore are creating what he described as the biggest opportunity in Asian markets for companies, institutions, and savers to build bitcoin infrastructure in their own regions.
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