Bitcoin Adoption Surges Among Nations And Major Corporations

Hamada’s proposal reflects a broader interest in diversifying national reserves with cryptocurrencies, particularly following recent discussions in the Japanese parliament about reserve movements in the US and other countries.

This surge in interest comes on the heels of Texas’s significant legislative efforts. The Texas House of Representatives has introduced a bill aimed at creating a strategic Bitcoin reserve, spearheaded by Republican state Representative Giovanni Capriglione. 

The proposed legislation seeks to enable the state to accept taxes, fees, and donations in Bitcoin, with a commitment to hold these assets for a minimum of five years. 

Capriglione, who announced the bill during an X Spaces event, emphasized the potential benefits of such a reserve in enhancing Texas’s fiscal stability and reinforcing its leadership in Bitcoin innovation. 

“Probably the biggest enemy of our investments is inflation,�he stated, highlighting that a strategic Bitcoin reserve could provide a win-win scenario for the state.

The legislation, titled “An Act Relating to the Establishment of a Bitcoin Reserve within the State Treasury of Texas and the Management of Cryptocurrencies by Governmental Entities,�underscores a significant trend of increasing institutional interest in Bitcoin as a strategic reserve asset. 

Notably, this movement is not limited to nations; following President-elect Donald Trump’s proposal for a US strategic Bitcoin reserve at the National Bitcoin Conference in Nashville earlier this year, there has been a marked uptick in BTC adoption among various countries and private companies. 

Bitcoinist previously reported that in just the past month, nine major firms from sectors including finance, healthcare, and artificial intelligence (AI) have embraced the market’s leading cryptocurrency as a strategic reserve asset.

October 2025 As Next Major BTC Market Top?

As these developments unfold, BTC has recently closed the week above the $100,000 mark, fueling speculation about its future trajectory. 

Crypto analyst Ali Martinez has pointed out that if Bitcoin adheres to historical trends observed in previous market cycles, the next market peak could occur in October 2025. 

The analyst noted that in the last two cycles, from market bottom to market top, it took approximately 1,065 days, while the duration from one market bottom to the next was around 1,430 days.

Martinez also identified a critical support level for Bitcoin at $96,870, where approximately 1.45 million addresses accumulated around 1.42 million BTC. He stated that as long as this demand zone remains intact, there is a strong likelihood that Bitcoin will continue its upward momentum.

At the time of writing, BTC is trading at $101,477, up 2% on the week after a brief consolidation period and a 7% drop towards $91,000.

Featured image from DALL-E, chart from TradingView.com 

Scaramucci Predicts China Will Follow the US Bitcoin Strategy

The former White House Communications director predicted that China would return to BTC mining after years of a blanket ban. In addition, the American stated that China will also likely create a BTC strategic reserve next year, following in the footsteps of the US.

Scaramucci attributed this potential shift to the pro-crypto stance of the US, driven by the victory of Republican presidential candidate Donald Trump in the November election. He believes the US�new regulatory framework for digital assets will pressure other nations to establish similar frameworks.

He added that China may have its own Bitcoin strategic reserve by next year. Further, the Asian giant might reconsider the ban on Bitcoin mining and use it as a tool to mine and accumulate more BTC. Scaramucci said:

China, there is no way, and I’ll bet money on this, that if the US is moving toward a strategic Bitcoin reserve, that the Chinese are not going to participate.

It is worth highlighting that last month, Scaramucci stated that BTC will trade as high as $176,000 in the next two years. He pointed toward a strong demand for BTC and its limited supply of 21 million as major driving factors that could increase the asset’s price in the coming years. 

Countries Looking To Create BTC Strategic Reserve

To recall, cryptocurrency was one of the major themes of President-elect Trump’s election campaign. Since Trump’s victory, speculations surrounding a national BTC strategic reserve have found increasing support from people across different domains.

While countries like El Salvador already maintain national Bitcoin reserves, the US creating a similar reserve could have significant global implications. Experts predict that such a move could propel Bitcoin’s price to over $1 million.

The US isn’t the only country considering a national Bitcoin reserve. In Brazil, federal deputy Eros Biondini recently introduced legislation establishing a Sovereign Strategic Bitcoin Reserve to diversify the country’s financial assets.

Similarly, Russian State Duma Deputy Anton Tkachev has proposed the creation of a Strategic Bitcoin Reserve. This initiative aims to reduce Russia’s reliance on foreign currencies like the USD and yuan for international trade and help mitigate the impact of international sanctions.

Establishing a Bitcoin strategic reserve by any major country could trigger a domino effect, prompting others to follow suit. This trend has already been observed among corporations, such as Metaplanet and Hut 8, that have adopted MicroStrategy’s approach of adding Bitcoin to their balance sheets. BTC trades at $95,344 at press time, down 1.8% in the past 24 hours.