Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
Like their population Chinese have the large number of exchanges from the companies put up in China. I can find the people looking to invest on the bitcoin in china too but since they banned the bitcoin it really hurts them.
Japan we do not need to worry about them. They already made the bitcoin and other cryptocurrencies can be used legally in every cities and rural places in Japan. So they are already supporting the bitcoin.
Koreans, they regulated the bitcoin trading sites under their tax rules and regulations. I do not think that they completely ban the bitcoin. Hope everyone will look into invest more in that country too.
India, they are very few in numbers to using the bitcoins and other crypto currencies. They should accept the bitcoin as legal currency to use their since it has potential to change their country status to developed country. Their ministers team to discuss more about the blockchain investments and startups.
well thanks for your information, i agree with your opinion. I think china, japan, south korea and india have greatest influence on bitcoin, but i think is a big influence on bitcoin, because Japan has the third largest economy in the world (u can see this link https://www.weforum.org/agenda/2018/04/the-worlds-biggest-economies-in-2018/). Japan with a large economic level and supported by the regulation of bitcoin, I think this can affect the price of bitcoin in the market.