Metaplanet CEO Believes Bitcoin Has Hit Bottom, Asian Cycle Has Begun
Metaplanet CEO Simon Gerovich stated at the "Bitcoin Asia 2026" conference in Hong Kong that Bitcoin has retraced about half from its peak during this low point, and that the stock prices of his company and similar firms have dropped even more. He pointed out that the market trend has completely reversed last week, believing that the bottom has already appeared, and expects the remainder of this year to be better. He mentioned that the current selling is due to forced sales, and new buyers entering the market will not leave. Gerovich believes that the previous cycle belonged to the West, while the first Asian cycle has begun, based on the fact that Japanese households hold about $14 trillion in financial assets, half of which is kept in nearly zero-interest bank deposits. Additionally, wealth management in South Korea, Southeast Asia, and Hong Kong constitutes the deepest pool of patient savings globally. Cash in the U.S. accounts for only about 13% of household wealth. He emphasized that Japan has incorporated Bitcoin into the same regulatory framework as stocks and bonds through legislation passed in July this year, with capital gains tax set to drop from a maximum of 55% to 20%, with a target implementation timeframe of 2027 to 2028. Meanwhile, related regulations in Hong Kong, South Korea, and Singapore are also progressing. Gerovich pointed out that the opportunity lies in the fact that the vast majority of capital in Asia is not unwilling to buy, but rather unable to, as Japanese retail investors do not have access to spot ETFs, and securities accounts cannot hold cryptocurrencies directly, while pension funds' bond authorizations do not allow for holding non-interest-bearing assets. Currently, there are only 20 publicly listed companies in all of Asia holding Bitcoin, with total holdings amounting to less than one-tenth of Strategy's alone.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Bitkey Launches Emergency Exit Kit for Moving Bitcoin Without an App

Bitcoin ETF Net Assets Surpass $100.9 Billion

Strategy Lowers Net Leverage to 0.1% While Common Stock Risks Persist

Vinteum Celebrates Four Years and Reflects on Achievements

Bitcoin September Statistics: 3 Years of Gains After 6 Years of Weakness

IBIT Sees Inflow of $277.6 Million, Exceeding Total Inflow of U.S. Bitcoin ETFs

US 2-Year Treasury Yield Hits 4.286%, Highest Since Late July

US Spot Ethereum ETF Sees $225.8 Million Net Inflow in a Single Day, Hitting 10-Month High

Noise Before the Elections, Bear Market 2027 and Bitcoin Predictions

CoinShares: Miners as Beneficiaries of the AI Boom in the USA

JPMorgan’s IBIT Bitcoin ETF bet just missed its escape hatch to avoid 6% deduction

Federal Reserve Total Assets Reach $6.73 Trillion, Renewed Debate on Reserves

IREN Plans $25 Billion to $30 Billion AI Expansion Raises Investor Concerns

A zero-revenue public company tried to copy Michael Saylor to avoid delisting, but its stock immediately crashed 25%

Bullish Sentiment in Bitcoin Options Market Increases Amid Declining Demand

Metaplanet Transfers 1,350 BTC Raises Sale Questions

Capital B Plans to Raise $24.5 Million to Acquire 270 BTC

12th Anniversary of Hal Finney's Death, Pioneer of Blockchain Technology

Ethena Announces Plans to Enter Stock Perpetual Futures Market

UK Police Seize 20.21 BTC Worth 1400000 USD from Darknet Markets

SHRINCS Draft Released, Bitcoin Quantum Security Detailed

Ethena Expands Arbitrage Strategy to Stock Market

NVIDIA Reports $96.2 Billion in Revenue, Cryptocurrency Stocks Rise

Monetization of Debt: Treasury Conceals Deficits and Expropriates Savings with Stablecoins

STX crypto review 2026: Tokenomics, BTC yield and staking demand

South Korea Misses Bitcoin ETF, Largest Crypto Market Without Regulated Fund

Pakistan Built Its Crypto Regulatory Regime Using Just 8% Of Its Budget, Minister Bilal Bin Saqib Reveals At Bitcoin Asia

New Money Flowing into Bitcoin Funds, Price Predicted to Reach $125,000

Bitcoin Q-Day by 2028? Justin Sun's Quantum Warning vs. Expert Predictions










