Is Satoshi Nakamoto’s land leading asians to Bitcoin mass adoption?

[bitbunnny]

Japan is very often mentioned here like the new leader in Bitcoins adoption and promotion but I totaly agree that some European countries are completely underestimated in that area. Like Netherlands for example which has done a lot in terms of accepting and incorporating Bitcoin. And it's not only the size or perception of country that matters.

[Kprawn]

Japan is very often mentioned here like the new leader in Bitcoins adoption and promotion but I totaly agree that some European countries are completely underestimated in that area. Like Netherlands for example which has done a lot in terms of accepting and incorporating Bitcoin. And it's not only the size or perception of country that matters.

The geographical size do not matter as much as the population density. A country with a higher population density would be much better than a

large geographical size and low population density. Japan is the ideal country for the mass adoption of Bitcoin, because it has a highly active and

prosperous citizens. A bonus is the fact that most of them are very technical inclined and would quickly grasp the concept. 

[avikz]

Japan has definitely shown us the way on how to adopt bitcoin for mass adoption. However, it is too early to say that the model is successful. We will have to wait and watch the effect of this adoption. Not on the prices of bitcoin, but on the whole economy of Japan.

If the Japan model becomes successful, then probably more and more countries will come forward to adopt the crypto currency in to their economy. This will pave the way to something greater. However, the huge number of useless altcoins will remain a challenge because it is technically impossible to factor in all the crypto currencies into economy and it may have adverse effect on it. So it is better to wait and watch the entire effect first instead of getting in to a conclusion.

[wuvdoll]

With the mainstream adoption of Bitcoin in Japan and the subsequent acceptance of the cryptocurrency by several Japanese stores, Bitcoin has responded by its most recent surge in price, rising significantly above the $1,200 mark in the process.

Some even believe that governments are driving demand in Bitcoin whether they know it or not.
 
For instance, China and India represent a significant portion of the world's population and each has a rapidly growing middle and wealthy classes. Both of these countries are also experiencing turmoil with government imposed capital controls, so the importance of Bitcoin is much more apparent to its citizens as opposed to North America, for example.

On the other hand, India has less trust for banks than many other nations so some are experimenting with Bitcoin instead. In addition to this, Japan has chosen to regulate Bitcoin exchanges which means traditional financial instructions are now able to offer Bitcoin to their clients bringing in more demand. Whereas, China has decided to implant tougher regulations on Chinese exchanges driving a huge spike in the peer to peer Bitcoin market in China and eventually more trust in the exchanges when they allow withdrawals again.

Another important factor identified for the Asian dominance in Bitcoin is the fact that Asian countries, Japan, in particular, have always been ahead of the curve with mainstream adoption of new technology.

Cell phones, mobile gaming and mobile payments all gained popularity in Asia years before Europe and the US. It seems that Bitcoin is following a similar trajectory.

Do you agree that Japan is leading Bitcoin mass adoption?

The only thing Japan has going for them that would make it easier for them to adopt the coin as a national currency is that supposedly the inventor or whatever it is called of Bitcoin is from there. That is not enough and really doesn’t help at all; the same problems that have kept other countries from adopting the coin are going to keep Japan. Especially now with high transaction fees something has to change to make it possible.

[mackenzied]

With the mainstream adoption of Bitcoin in Japan and the subsequent acceptance of the cryptocurrency by several Japanese stores, Bitcoin has responded by its most recent surge in price, rising significantly above the $1,200 mark in the process.

Some even believe that governments are driving demand in Bitcoin whether they know it or not.
 
For instance, China and India represent a significant portion of the world's population and each has a rapidly growing middle and wealthy classes. Both of these countries are also experiencing turmoil with government imposed capital controls, so the importance of Bitcoin is much more apparent to its citizens as opposed to North America, for example.

On the other hand, India has less trust for banks than many other nations so some are experimenting with Bitcoin instead. In addition to this, Japan has chosen to regulate Bitcoin exchanges which means traditional financial instructions are now able to offer Bitcoin to their clients bringing in more demand. Whereas, China has decided to implant tougher regulations on Chinese exchanges driving a huge spike in the peer to peer Bitcoin market in China and eventually more trust in the exchanges when they allow withdrawals again.

Another important factor identified for the Asian dominance in Bitcoin is the fact that Asian countries, Japan, in particular, have always been ahead of the curve with mainstream adoption of new technology.

Cell phones, mobile gaming and mobile payments all gained popularity in Asia years before Europe and the US. It seems that Bitcoin is following a similar trajectory.

Do you agree that Japan is leading Bitcoin mass adoption?

The only thing Japan has going for them that would make it easier for them to adopt the coin as a national currency is that supposedly the inventor or whatever it is called of Bitcoin is from there. That is not enough and really doesn’t help at all; the same problems that have kept other countries from adopting the coin are going to keep Japan. Especially now with high transaction fees something has to change to make it possible.

Japan is a civilized country and very strict, people are also very conscious to obey any issues that the government put forward. I have witnessed that in so many events. So, when Japan accepts bitcoin, I believe people will use it extensively. This is very beneficial for the development of bitcoin.

[mynhpark]

Interestingly enough, as part of a bid to preserve a historic park, a city in Japan is reportedly raising donations in bitcoin. The city is called Hirosaki, and according to a report from national public broadcaster NHK, is collecting funds to maintain more than 2,000 cherry blossom trees, as well as a centuries-old castle.

This is a first of its kind initiative by a public institution in Japan. As you might be aware, this is coming barely a few weeks after about 260,000 stores in parts of Japan started accepting the digital currency as a payment method.

Good job JAPAN!

[mynhpark]

There exist many reasons why the interest in Bitcoin is increasing at a rapid rate in Japan, for instance, Japan’s 10-year yields dropped back to zero percent for the first time since 2007. In conventional finance, the yield represents the income return on an investment that is normally expressed as an annual percentage rate. Japan’s zero percent yield shows a severe economic instability. Therefore, the Bank of Japan is attempting to print massive amounts of the Japanese yen in order to increase the inflation rate and keep the economy afloat.

If the inflation rate in Japan rises, like China, investors usually move to alternative safe haven assets and wealth management products (WMPs) such as gold and Bitcoin. In terms of liquidity and mid-term profitability, Bitcoin appeals to a larger market and thus, in times of financial instability and economic uncertainty, the demand for Bitcoin increases. Moreover, the Japanese mainstream media have been offering extensive coverage on Bitcoin, particularly due to the acceptance of Bitcoin by BiC Camera (a consumer electronics retailer chain in Japan) and the legalization of Bitcoin by the Japanese government.

[Dimelord]

With the mainstream adoption of Bitcoin in Japan and the subsequent acceptance of the cryptocurrency by several Japanese stores, Bitcoin has responded by its most recent surge in price, rising significantly above the $1,200 mark in the process.

Some even believe that governments are driving demand in Bitcoin whether they know it or not.
 
For instance, China and India represent a significant portion of the world's population and each has a rapidly growing middle and wealthy classes. Both of these countries are also experiencing turmoil with government imposed capital controls, so the importance of Bitcoin is much more apparent to its citizens as opposed to North America, for example.

On the other hand, India has less trust for banks than many other nations so some are experimenting with Bitcoin instead. In addition to this, Japan has chosen to regulate Bitcoin exchanges which means traditional financial instructions are now able to offer Bitcoin to their clients bringing in more demand. Whereas, China has decided to implant tougher regulations on Chinese exchanges driving a huge spike in the peer to peer Bitcoin market in China and eventually more trust in the exchanges when they allow withdrawals again.

Another important factor identified for the Asian dominance in Bitcoin is the fact that Asian countries, Japan, in particular, have always been ahead of the curve with mainstream adoption of new technology.

Cell phones, mobile gaming and mobile payments all gained popularity in Asia years before Europe and the US. It seems that Bitcoin is following a similar trajectory.

Do you agree that Japan is leading Bitcoin mass adoption?

Yes, we could definitely say that Japan is leading in bitcoin mass adoption.
The reason for this is that no such country which is mentioned as economic power has ever accepted bitcoin as legal payment option.
People in india are trying with bitcoins because they have lost their trust in banks due to demonitization.
Definitely asian countries like Japan,China and India accepting bitcoin would create a positive impact on bitcoin.

[Juggy777]

A big player is definitely Japan, but there are a few European countries that are also very deep into bitcoins. If you're saying that Asian countries are more inclined to invest because the creator of bitcoins decided their alias should have a Japanese name I think you're really underestimating people's intelligence here...

I think op is grossly confused with Bitcoins. It is evident that he has mixed up Satoshi's nationality and the passing of Law in Japan which absolutely have no connection. As far as Asian countries are concerned, they are yet to be a dominant force in Bitcoins and they will only be so, till their government does not bans them. You need to think bigger than Asia, cause it's just a growing part of Bitcoin users, rather the ultimate users. You really need to do your homework well, people here are more aware than your normal peers.

[dwieyani]

As a butcoin person who deals with coin then he must have a connection with the legendary Satosi

[bitbunnny]

Japan is highly developed country, progressive, with very high procentage of use of new and high sofisticated technologies but that doesn't have to mean at the same time that they will be the leading country in Bitcoins mass addoption. They have made some preconditions to facilitate the biger addoption but still it's not necessary this will happen, depends how the ordinary people will react.

[xuan87]

I think it can be said that Japan is leading the Asia to adapt bitcoin, even though the user in Japan maybe still lose with China and other country, but Japan is the first country in Asia that dare to accept bitcoin, It takes big courage from government to dare to accept bitcoin, Japan is one of the country that realize the potential of bitcoin for future

[sportis]

I disagree that Japan has a significant portion of population worldwide (even though is about 11th) but it well known that has a long history in everything is technologically innovative. On the other side maybe the alias of the creator seems that is Japanese but USA, some European countries and China was pioneers in bitcoin from the very early days. Of course any of these countries for their own purposes. Maybe Japan will give a good example using bitcoin more as money and less as commodity.

[Xester]

I disagree that Japan has a significant portion of population worldwide (even though is about 11th) but it well known that has a long history in everything is technologically innovative. On the other side maybe the alias of the creator seems that is Japanese but USA, some European countries and China was pioneers in bitcoin from the very early days. Of course any of these countries for their own purposes. Maybe Japan will give a good example using bitcoin more as money and less as commodity.

The government of Japan has declared that they treat bitcoin as a commodity with a value rather than treating it as money or a currency. But even though they treat bitcoin as a commodity with a value they still also declared to accept bitcoin as a mode of payment in exchange for goods and services in their area. The only thing that differs is the terminology of terms but its actual uses would still be likely similar to the use of actual money.

[SaShiRaJaVu]

On the other side maybe the alias of the creator seems that is Japanese but USA, some European countries and China was pioneers in bitcoin from the very early days.

The alias of the creator is not from Japan or US ,it seems to be from a common wealth country but the early pioneers might be from China and Japan as well as from the US but there might be several other early players who adopted bitcoin in the beginning.People who are interested in technology are the early pioneers .

[staff_1307]

Yes, Japan leads the mass adoption of bitcoins and I believe that this is only for their benefit.

[panju1]

Extrapolating Japan's interest in Bitcoin to other countries in Asia is not correct. Asia is not a homogeneous land mass, with people in say Japan very different from people in Saudi Arabia.

[ASHLIUSZ]

Extrapolating Japan's interest in Bitcoin to other countries in Asia is not correct. Asia is not a homogeneous land mass, with people in say Japan very different from people in Saudi Arabia.

Japan have a different view as well it is expected to stay active in the digital growth and stand as a fintech centre in the future. As the technology is getting effect not only in digital currency, it has got usage from financial services to supply chain services. So adoption will help them to be a leader in different sectors.

[erickkyut]

With the mainstream adoption of Bitcoin in Japan and the subsequent acceptance of the cryptocurrency by several Japanese stores, Bitcoin has responded by its most recent surge in price, rising significantly above the $1,200 mark in the process.

Some even believe that governments are driving demand in Bitcoin whether they know it or not.
 
For instance, China and India represent a significant portion of the world's population and each has a rapidly growing middle and wealthy classes. Both of these countries are also experiencing turmoil with government imposed capital controls, so the importance of Bitcoin is much more apparent to its citizens as opposed to North America, for example.

On the other hand, India has less trust for banks than many other nations so some are experimenting with Bitcoin instead. In addition to this, Japan has chosen to regulate Bitcoin exchanges which means traditional financial instructions are now able to offer Bitcoin to their clients bringing in more demand. Whereas, China has decided to implant tougher regulations on Chinese exchanges driving a huge spike in the peer to peer Bitcoin market in China and eventually more trust in the exchanges when they allow withdrawals again.

Another important factor identified for the Asian dominance in Bitcoin is the fact that Asian countries, Japan, in particular, have always been ahead of the curve with mainstream adoption of new technology.

Cell phones, mobile gaming and mobile payments all gained popularity in Asia years before Europe and the US. It seems that Bitcoin is following a similar trajectory.

Do you agree that Japan is leading Bitcoin mass adoption?

Japan is a Highly Industrialized Country. It is only natural that they will adapt Bitcoin because ever since, newest technology is always the newest trend for them (aside from manga). I cannot say that Japan regulates the Bitcoin exchange sites. Maybe it is just a coincidence.