Topic: Is Satoshi Nakamoto’s land leading asians to Bitcoin mass adoption? (Read 1499 times)

With the mainstream adoption of Bitcoin in Japan and the subsequent acceptance of the cryptocurrency by several Japanese stores, Bitcoin has responded by its most recent surge in price, rising significantly above the $1,200 mark in the process.

Some even believe that governments are driving demand in Bitcoin whether they know it or not.
 
For instance, China and India represent a significant portion of the world's population and each has a rapidly growing middle and wealthy classes. Both of these countries are also experiencing turmoil with government imposed capital controls, so the importance of Bitcoin is much more apparent to its citizens as opposed to North America, for example.

On the other hand, India has less trust for banks than many other nations so some are experimenting with Bitcoin instead. In addition to this, Japan has chosen to regulate Bitcoin exchanges which means traditional financial instructions are now able to offer Bitcoin to their clients bringing in more demand. Whereas, China has decided to implant tougher regulations on Chinese exchanges driving a huge spike in the peer to peer Bitcoin market in China and eventually more trust in the exchanges when they allow withdrawals again.

Another important factor identified for the Asian dominance in Bitcoin is the fact that Asian countries, Japan, in particular, have always been ahead of the curve with mainstream adoption of new technology.

Cell phones, mobile gaming and mobile payments all gained popularity in Asia years before Europe and the US. It seems that Bitcoin is following a similar trajectory.

Do you agree that Japan is leading Bitcoin mass adoption?

Extrapolating Japan's interest in Bitcoin to other countries in Asia is not correct. Asia is not a homogeneous land mass, with people in say Japan very different from people in Saudi Arabia.

On the other side maybe the alias of the creator seems that is Japanese but USA, some European countries and China was pioneers in bitcoin from the very early days.

I disagree that Japan has a significant portion of population worldwide (even though is about 11th) but it well known that has a long history in everything is technologically innovative. On the other side maybe the alias of the creator seems that is Japanese but USA, some European countries and China was pioneers in bitcoin from the very early days. Of course any of these countries for their own purposes. Maybe Japan will give a good example using bitcoin more as money and less as commodity.

A big player is definitely Japan, but there are a few European countries that are also very deep into bitcoins. If you're saying that Asian countries are more inclined to invest because the creator of bitcoins decided their alias should have a Japanese name I think you're really underestimating people's intelligence here...

With the mainstream adoption of Bitcoin in Japan and the subsequent acceptance of the cryptocurrency by several Japanese stores, Bitcoin has responded by its most recent surge in price, rising significantly above the $1,200 mark in the process.

Some even believe that governments are driving demand in Bitcoin whether they know it or not.
 
For instance, China and India represent a significant portion of the world's population and each has a rapidly growing middle and wealthy classes. Both of these countries are also experiencing turmoil with government imposed capital controls, so the importance of Bitcoin is much more apparent to its citizens as opposed to North America, for example.

On the other hand, India has less trust for banks than many other nations so some are experimenting with Bitcoin instead. In addition to this, Japan has chosen to regulate Bitcoin exchanges which means traditional financial instructions are now able to offer Bitcoin to their clients bringing in more demand. Whereas, China has decided to implant tougher regulations on Chinese exchanges driving a huge spike in the peer to peer Bitcoin market in China and eventually more trust in the exchanges when they allow withdrawals again.

Another important factor identified for the Asian dominance in Bitcoin is the fact that Asian countries, Japan, in particular, have always been ahead of the curve with mainstream adoption of new technology.

Cell phones, mobile gaming and mobile payments all gained popularity in Asia years before Europe and the US. It seems that Bitcoin is following a similar trajectory.

Do you agree that Japan is leading Bitcoin mass adoption?

The only thing Japan has going for them that would make it easier for them to adopt the coin as a national currency is that supposedly the inventor or whatever it is called of Bitcoin is from there. That is not enough and really doesn’t help at all; the same problems that have kept other countries from adopting the coin are going to keep Japan. Especially now with high transaction fees something has to change to make it possible.

With the mainstream adoption of Bitcoin in Japan and the subsequent acceptance of the cryptocurrency by several Japanese stores, Bitcoin has responded by its most recent surge in price, rising significantly above the $1,200 mark in the process.

Some even believe that governments are driving demand in Bitcoin whether they know it or not.
 
For instance, China and India represent a significant portion of the world's population and each has a rapidly growing middle and wealthy classes. Both of these countries are also experiencing turmoil with government imposed capital controls, so the importance of Bitcoin is much more apparent to its citizens as opposed to North America, for example.

On the other hand, India has less trust for banks than many other nations so some are experimenting with Bitcoin instead. In addition to this, Japan has chosen to regulate Bitcoin exchanges which means traditional financial instructions are now able to offer Bitcoin to their clients bringing in more demand. Whereas, China has decided to implant tougher regulations on Chinese exchanges driving a huge spike in the peer to peer Bitcoin market in China and eventually more trust in the exchanges when they allow withdrawals again.

Another important factor identified for the Asian dominance in Bitcoin is the fact that Asian countries, Japan, in particular, have always been ahead of the curve with mainstream adoption of new technology.

Cell phones, mobile gaming and mobile payments all gained popularity in Asia years before Europe and the US. It seems that Bitcoin is following a similar trajectory.

Do you agree that Japan is leading Bitcoin mass adoption?

Japan is very often mentioned here like the new leader in Bitcoins adoption and promotion but I totaly agree that some European countries are completely underestimated in that area. Like Netherlands for example which has done a lot in terms of accepting and incorporating Bitcoin. And it's not only the size or perception of country that matters.

A big player is definitely Japan, but there are a few European countries that are also very deep into bitcoins. If you're saying that Asian countries are more inclined to invest because the creator of bitcoins decided their alias should have a Japanese name I think you're really underestimating people's intelligence here...