Topic: Japan’s economy could get a boost in 2018 from bitcoin - page 2. (Read 234 times)

2018 looks very promising for the cryptocurrency industry. I'm expecting lots of development in the coins to be competitive in the market, especially Bitcoin which is suffering a huge slowdown lately due to network traffic.

Japan is the major market hub for cryptocurrencies and the bitcoin in particular and since Japan has embraced the wealth recycling method then many other countries will follows suit soon. Indeed the third quarter of 2017 was a very tremendous period for bitcoin, we witness price boom and that started even from the first quarter of 2017 so indeed the year was a very tremendous year for bitcoin and I believe this 2018 also will be great for bitcoin as more countries will option in to bitcoin regulations and acceptance.

Japan has supported bitcoin currency since its introduction. Bitcoin government and Japanese economy  supported bitcoin as a result bitcoin share is nearly 40% in economy. According to Japanese analyst consumer spending power has raised since introduction of bitcoin, in 2017 it has increased as much as 96 billion yen. Though Bank of Japan Governor said that speculation is increasing bitcoin`s price, economy is likely to boom in 2018. People have earned a lot in this speculated situation.

Japan has a track record of adopting technology and adapting it to suit their tastes. It was interesting to see the rise of Monacoin a few months ago.

Good thing that the Japanese Government have a positive view on Bitcoin and how it will boost their economy in the future. While some of the countries being mentioned here does not allow Bitcoin trading or even becoming as a mode of payment as they promote "money laundering" which the argument is now flawed as it is not fault of the currency but the user. I want to see other countries follow Japan on how they support cryptocurrency especially Bitcoin as their is really no harm on doing so.

I am surprised to know that Japan trades more intensely than the US. If Japan has that risky attitude, then I predict that it will be a boost in their GDP indeed. But, we dont know when wilk the price of btc will go down so Japan is in a very profitable yet risky situation

It's crazy how two countries can look at the same situration and see things very differently. Japan foresees Bitcoin's boom as an opportunity to spur growth, while South Korea expects an imminent collapse. I obviously support Japan's stance much more. The people investing are adults, and all you need to tell them is that they're taking on a risk. Whether they choose to take that risk should be of their own accord. Regulation is good, if only to weed out all the scammers trying to steal from hard working people, but they should also be in support of said hard working people.

But yeah, Japan has always led the global charge in technology so their support of Bitcoin is hardly a surprise. I'm sure they didn't get to where they currently are by stifling new technology.

Japan is one of the pro-bitcoin countries. Good to know that bitcoin can contribute to its GDP and boost its economy!

it is true that bitcoin makes a lot of rich rich new because of the benefits of bitcoin and I also feel the richness of the bitcoin, and I hope that the bitcoin in 2018 will now always soar.

Japan is the best country in the world with new idea not like other country still fear bitcoin can kill their fiat money. they will lost a tool to control everybody

Japan is the main country that cryptocurrency start and it really inspire us that they legalized bitcoin in their country.I think it will be more increasing in the year 2018 and a big impact to us investors.We were hoping for the big growth of bitcoin in this year.

It is really great, that Japan embraces crypto currencies, whereas other countries fear or even forbid cryptos in general. Overall, I am sure, that the first approach will be lead to a greater success in the end.
The news, that Japan's economy will even benefit from all this, might help to show other countries, how all of this could work out.

Japan is the safe haven for cryptocurrencies, new crypto startups and the investors as well. Japan was the first country to show major concern about  the development and implementation of the virtual currencies to the public. No doubt, bitcoin ‘adds 0.3%’ to Japan’s GDP in 2017. Perhaps, that will be double in this year 2018.
Source: https://cointelegraph.com/news/bitcoin-adds-03-to-japans-gdp-claim-nomura-analysts

I think this is really possible since Japan already declare their support over bitcoin and also they start adopting it in their market. If bitcoin value will continue to pump while this country is moving their economy towards digital currency it will really boost their economy and will surely help their people a lot in becoming more financially stable and independent.

next year it will increase  Bitcoin will have a major impact on the country economy. Governments cant ignore to loose tax

60 billion dollars to 600 billion dollars crypto market capitalisation country like Japan will take major share

Japan is major inspiration for any country how cryptocurrency got regulated and shown way for legalisation hopefully more country follow the wealth circle like Japan

New York: Bitcoin’s about to boost the world’s third-largest economy, according to analysts at Nomura.

The digital coin’s 1,500% rally this year has left crypto-crazed Japanese investors likely sitting on hefty gains that Nomura thinks will spur consumer spending.

“Rises in asset values often result in a rise in consumer spending, too, known as the wealth effect,” the team, led by Yoshiyuki Suimon, wrote on Friday. “We estimate the wealth effect from unrealized gains on bitcoin trading by Japanese investors since the start of fiscal year 2017, and estimate a potential boost to consumer spending of 23.2-96.0 billion yen.”

The note points out that trading volume in the bitcoin market is roughly 40% yen, which is larger than even the US dollar’s share.

Bitcoin has fallen about 25% since closing in on $20,000 on 18 December, trading around $14,500 in New York on Friday afternoon.

Still, Nomura is confident that the share of investors who have benefited is much larger than those who may have lost money due to the recent decline.

“Moreover, the fact that the rise in bitcoin prices was concentrated in 2017 fourth quarter could result in the wealth effect materializing in 2018 first quarter, and if that is the case, we estimate a potential boost to real GDP growth on an annualized quarter over quarter basis of up to about 0.3 percentage points,” Nomura said. Bloomberg

http://www.livemint.com/Money/jAw6xJbZCXvNzDkde2oShN/Japans-economy-could-get-a-boost-in-2018-from-bitcoin.html