[2017-02-27] Trezor's Fastest Growing Market is Japan

[jholmes91]

The fastest market of Trezor, an industry leading bitcoin hardware wallet manufacturer, is Japan according to Satoshi Labs community manager Bach Nguyen. With a well-regulated bitcoin exchange market and venture capital-backed exchanges such as bitFlyer, the Japanese bitcoin industry is beginning to lead the global bitcoin market...

Read more here:

https://btcmanager.com/trezors-fastest-growing-market-is-japan-transforming-into-major-bitcoin-hub/

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[richardsNY]

I think it's perfectly understandable if you also look at how Japanese exchange bitFlyer has been seeing its trading volumes increase significantly. It might indicate that they are looking to use Bitcoin as a long term investment as people mostly buy hardware wallets for the purpose of using it as cold storage. I bought myself also a Trezor not that long ago. It comes at a cost, but it's all worth it since there is nothing more important than the security of my cold storage.

[Kprawn]

I think it's perfectly understandable if you also look at how Japanese exchange bitFlyer has been seeing its trading volumes increase significantly. It might indicate that they are looking to use Bitcoin as a long term investment as people mostly buy hardware wallets for the purpose of using it as cold storage. I bought myself also a Trezor not that long ago. It comes at a cost, but it's all worth it since there is nothing more important than the security of my cold storage.

I think they bought hardware wallets, because the threat factor increase as Bitcoin's price and popularity increase. It is one thing to own Bitcoin,

but another thing to secure them. A hardware wallet gives you the best of both worlds... It has better security than your garden variety online

wallets and you can use it for cold storage.  .... The Japanese are going to kick the Chinese out of Bitcoin soon. 

[1Referee]

I think it's perfectly understandable if you also look at how Japanese exchange bitFlyer has been seeing its trading volumes increase significantly.

I was also quite surprised to see their volumes increase, but it might have something to do with the fact that Bitflyer at this point doesn't charge any Bitcoin trading fees. I wonder what will happen witht their volumes when trading fees will be enabled again. If the demand is legit, then it shouldn't have an impact on their volumes. I like the idea of having a new Bitcoin friendly country stand up and secure itself a major position in Bitcoin. Everyone is done with China.