Topic: The backstage push of the bitcoin is probably "Mr. Watanabe" (Read 130 times)

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The report said that Japanese regulators have been more friendly than China and other countries on the special currency market, which has played a role in bitcoin. Earlier this year, Japan listed bitcoin as a legal payment, and formulated new rules for bitcoin exchanges, including minimum capital requirements, isolation of customer accounts and monitoring of potential criminal activities.

According to the Wall Street journal website in December 15th, at least that's what deutsche bank analysts see. They believe that the thirty or forty year old Japanese who used to engage in real currency transactions such as yen and US dollars have shifted their targets to encrypted currencies such as bitcoin.

Although Mrs. Watanabe often used to call Japanese retail investors (housewives engaged in yen trading), but Deutsche Bank said that the current price of encrypted money is rising steadily, but it is "Mr. Watanabe", and they often borrow heavily.

This year, millions of Asian retail investors have been killed in the bitcoin market, boosting the price of bitcoin. The attraction of bitcoin is that it is an alternative to paper money, which is a match on a computer without the need of a bank or a government.

Reported that, according to the "bitcoin counter" website data, bitcoin latest reported $17212. By contrast, the price of bitcoin was less than $1000 at the beginning of the year.

Bitcoin is particularly attractive to Japanese investors. Japan is the third largest economy in the world, and the yen is one of the largest currencies in the world. Technology and foreign exchange transactions are already an attractive business in Japan, while bitcoin provides investors with a two - one option.

The report says that most of the bitcoin trading is now from Japan. According to Coinhills, a data provider tracking digital currency, about 40% of the current bitcoin transactions are priced in the yen.