The next rout of Bitcoin is coming from Japan
At the crypto currency prices are mainly affected by speculation in Asia, says Dr. Jack Rasmus, warning that in the near future there will be a serious correction. "China and South Korea are aware of this; they know that Bitcoin is a bubble of financial assets, a classic bubble ", - said Rasmus.
Rasmus, who is a professor of political economy at St. Mary's College in California, said most of the actions related to crypto currency are in Asia, especially in Japan. This is due to the fact that more than 40% of all purchases come from this country. It is for this reason that the accident will occur from another part of Asia in the next 12-18 months.+ "China has always opposed Bitcoin, and now Korea is also concerned. Japan is angry, and I think that the wreck will come from Japan.
" Further, he says that the forces of supply and demand, which at the end of last year raised the price of Bitcoin to its record high, are now disappearing.
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Topic: The next rout of Bitcoin is coming from Japan (Read 69 times)
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