Cryptocurrency Information Bureau News: Bitcoin strategy announced! Canadian company enters the Japanese market. Don't miss this. #Bitcoin #Cryptocurrency #Japanese market
Video explanation
Canadian company turns Bitcoin into "company piggy bank"! Are they aiming for its popularity in Japan too?
Hello, I'm John, a blockchain navigator! Recently, I heard some interesting news that a Canadian company will store Bitcoin as a key company asset. Does that sound complicated? No, it's easy! Today, I'll explain this news in an easy-to-understand way, even for those who are new to blockchain technology.
The topic is,Universal Digital" is a Canadian company. Let's take a look at the new initiatives this company has started and its relationship with Japan!
What does it mean to hold company money in Bitcoin? ~ Bitcoin financial strategy ~
first,"Bitcoin Treasury StrategyLet's start with the word "." It sounds like technical jargon and it's a little scary, right? But don't worry!
A "financial strategy" is a plan for how to manage and increase the money and valuable things (called "assets") that a company has for the future. Companies deposit money in banks, buy stocks, own real estate, or hold gold, which is traditionally considered a safe asset. These are important "savings" for a company, and "Reserve" That's it.
The big point of this news is that Universal Digital has decided to invest in this important stockpile.Bitcoin – a type of digital currency that can be used on the Internet. It is not controlled by any particular country or bank. It uses an amazing technology called “blockchain” that allows everyone to safely manage transaction records.In other words, they decided to store their Bitcoins securely in a company's "safe" or "piggy bank" to prepare for the future!
Why would a company hold Bitcoin? One reason is to store assets.dispersionThis is to make people think that Bitcoin is a cryptocurrency. It is often said that "don't put all your eggs in one basket," and this is the idea of reducing risk by having a variety of assets. Also, because there is a limit to the total amount of Bitcoin that can be issued, some people hope that its value may increase in the future (of course, this is only a hope, and there is a risk that the price will fall!). Recently, people have been calling Bitcoin "Digital GoldSome people call it "money" and it is attracting attention as a measure against inflation (when prices rise and the value of money effectively decreases) like gold.
This is still a new trend, but more and more companies are gradually recognizing Bitcoin as an official company asset.
Moving from altcoins to Bitcoin? ~Redistribution of assets~
According to the news, Universal Digital said:Reallocate your altcoin holdings to Bitcoin" It says. Another new word has appeared!
- Altcoin: This refers to crypto assets other than Bitcoin (also called virtual currencies. They are like intangible money exchanged over the Internet). For example, there are countless types of crypto assets other than Bitcoin, such as Ethereum and Ripple! Each has different characteristics and purposes.
- Reallocating: This means reviewing and changing the types and proportions of assets you own. For example, it would be like allocating more of your pocket money from "snacks" to "savings." In the case of a company, this would be selling some of the stocks you own and using the money to buy bonds that you think are safer.
In other words, the company is selling some of the other types of crypto assets (altcoins) it has held and buying more Bitcoin instead.
Why would you do that?You may think so. The detailed reasons vary from company to company, but generally speaking, Bitcoin is the oldest and most widely known cryptocurrency, and has the largest market size (volume and value traded). Therefore, it is sometimes considered to be the "king" or "base currency" among the many cryptocurrencies. Some companies may think that Bitcoin is relatively stable in value compared to other altcoins (of course, there are always price fluctuations!) or that it is suitable for storing value in the long term. With so many options available, it may be a strategy to focus on the more reliable ones.
What is the new "reserve asset model"?
Universal Digital's latest move:Part of the New Reserve Model” is also said.
A "reserve asset model" is a company's policy or blueprint for what types of assets (cash, stocks, gold, and in this case, Bitcoin, etc.) the company's "savings" and "reserves" mentioned earlier will be held in, and in what proportions. If we use a household analogy, it's like a household budget plan: "How much of your monthly salary should you put into a regular savings account, how much should you invest, and how much should you set aside for emergencies?"
Universal Digital has officially added Bitcoin to this "blueprint." This is evidence that the company is seriously evaluating Bitcoin's future potential and its potential as a new means of storing value in the digital age. It may be a sign of their desire to utilize not only traditional assets but also assets born from new technologies to make the company stronger and more adaptable to future changes!
Collaborating with Japanese companies! Spreading Bitcoin in Japan?
And what is especially noteworthy about this news for us in Japan is that Universal Digital is a Japanese company.PartnershipThe point is that we have tied the knot!
The Japanese company said,Ground Financial Advisory Co." is a group of financial professionals who provide advice and consultation on a variety of money-related matters.
What will this Canadian company and Japanese financial professionals do together?Promoting Bitcoin in Japan (spreading and popularizing it)" Apparently that's what it is!
We will have to wait for further announcements as to what specific activities will be carried out, but some examples of what could be done include the following:
- Providing easy-to-understand information about Bitcoin and holding seminars (study sessions)
- Helping Japanese companies hold Bitcoin as a corporate asset
- Introducing and developing new services that make Bitcoin more accessible
The reason why a Canadian company is going out of its way to partner with a Japanese company to popularize Bitcoin may be because they see great potential in the Japanese market. If this goes well, we may have more opportunities to gain accurate knowledge about Bitcoin, and we may gradually start to see more situations in which Bitcoin is used in our daily lives. I'm really looking forward to seeing how things develop in the future!
A word from John
Wow, a future that was unimaginable when blockchain technology was first created, where a Canadian company is seriously considering Bitcoin as a company "treasure" and actually holding it, is becoming a reality! In particular, the fact that they are working with Japanese companies to popularize Bitcoin in Japan may help make Bitcoin more familiar to us.
I think there are still many people who think that bitcoin and blockchain technology are "kind of difficult" or "it doesn't really concern me," but I hope that through concrete news like this, you can gradually learn about its potential and excitement. I'll continue to do my best to provide you with the latest information in an easy-to-understand way!
This article is based on the following original articles and is summarized from the author's perspective:
Canadian Company Universal Digital Launches Bitcoin Treasury
Strategy