Why Bitcoin is Big in Japan

[bololord]

It is no surprise for me that Japan is open to the idea of Bitcoin, the Japanese people has always been futuristic and technologically advace society. They understand the value and the role of bitcoin in the future and they are now adapting to the change that is happening in our financial system. I think that all countries should adapt this kind of thinking from the Japanese.

Japanese people are known for their prudency and good outlook of the future. They knew bitcoin would be big in the near future and so they already are buying cryptocurrencies to reserve themselves a seat once bitcoin's value reaches unbelievable amounts. Moreover, the creator of bitcoin is a Japanese so I think it's just normal for us Asians to support our fellow countrymen.

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[shibisu]

-Miss Bitcoin
Mai Fujimoto, aka Miss Bitcoin on her social media platforms, figure-heads an attitude that seems to be crowing in the Land of the Rising Sun.

-Why the hype in Japan?
The attitude in places like China and even Korea is one of the people battling against the regulators. There is huge interest in these two nations from the citizens, but regulators have put their foot down.

-A good alternative
Bitcoin also comes at a great time for the investment-savvy Japanese as ultra-low interest rates from the deflation-battling central bank that has left investors scratching their heads for places to find returns on their cash.

Source: https://cointelegraph.com/news/bitcoin-its-big-in-japan

https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8wOTAzNmU2NTEzYzJhYzVkMzc2ZDRhMGMxMWNiOTA4NC5qcGc=.jpg

Japan is now the largest Bitcoin exchange market with 50.75 percent market share of the global Bitcoin exchange market. Vice Chairman of BitFury, George Kikvadze, did the analysis. he attributes the surge in trading volume of the Bitcoin exchange market in Japan due to China's new regulatory issue against Bitcoin

[AraBalderas]

Because the best government in the country
They eccept BTC and want to public to anyone known and save it such as a asset

[AriannaSantosUU]

The reason is because of the advance technology in Japan. It is easy for them to transact. The flow of market is also good. Government also support cryptocurrencies.

[bajingluncat]

Because the first time bitcoin was released in japan by satoshi nakamoto and bitcoin became one of the virtual currency that many investors use

[5ensei]

Because the first time bitcoin was released in japan by satoshi nakamoto and bitcoin became one of the virtual currency that many investors use

There is no proof it was released in Japan and equally there is no proof he was actually Japanese. Nonetheless, it is a Japanese name so perhaps they can claim to be the homeland for bitcoin. We will never know until his/her/their identity is revealed - with Hal passing away I fear we will never know the answer.

[Bianckyyyy]

Japan is a 1st world country and its very popular country in Asia. One of the best in industry of robotics. I never doubt on why is Bitcoin is popular or big in Japan.

[AdoboCandies]

We know that Japan is advance in technology and their government supports cryptocurrency they set rules and regulations and other laws that supports it, Japan sees the potential profit in Bitcoin they allow Bitcoin as their medium of exchange in their country they use Bitcoin as investments and as a payment in different merchants, vendors and stores and now even their bank Mitsubishi UFJ Financial Group, the world’s eighth-largest bank, is developing its own cryptocurrency, known as MUFG Coin. Japan is also a big help in Bitcoin not only on the price but they influence other countries to also accept bitcoin.

[Bitbitmaker]

I think Bitcoin is strong in Japan because that's where it's made. In addition, their government almost agreed and considered it to be legal money.

[geopolisch]

Because the best government in the country
They eccept BTC and want to public to anyone known and save it such as a asset

The government of any country plays a vital role in regulation of the bitcoin or any other crypto coin and this is the reason why Japan is having so many investors and traders who are investing their money into it as their government id very much supportive to them and that the government of Japan is taking lot of positive steps too to regulate bitcoin in their country.

[amih]

the Japanese state strongly supports its citizens who use bitcoin as an asset or tool to transact and on the basis of this support that makes very large bitcoin in Japan. By applying bitcoin as the official currency of course this makes the volume of trading exchanges in Japan very quickly. Even many investors from various countries invest bitcoin in Japan.

[letecia012]

I think Bitcoin is strong in Japan because that's where it's made. In addition, their government almost agreed and considered it to be legal money.

The creator of bitcoin satoshi nakamoto is a japanese and its visiom for btc would be an intermediary for fiat in online transaction whic is currently happening now. considering japan is one with the most advance technology they anle to use bitcoin a head ofcother countries do.

[AllOfArt]

Bitcoin is quite big in Asia, Japanese businesses have started accepting payment in bitcoin so this makes it more popular, also because is getting more approval from the media.

[bandungan]

japan is currently one of the countries that legalize bitcoin, and Japanese users can trade or trade with the support of the country, so I think that's why in japan bitcoin can be big and have big name.

[feny.blackpink]

I think it is because the founder of bitcoin is japanese.
but bitcoin not only big on japan, nowadays bitcoin popularity has reached many countries in the world

[fiorilia]

Japan has a very rapid technological advancement compared to other countries. the Japanese are also willing to accept technological advances include bitcoin. This gives an advantage to himself because of the bitcoin can be accepted easily there because the Japanese view the bitcoin as a future currency that is nice and one might say Japan is the home of the bitcoin.

[aehsj]

It is no surprise for me that Japan is open to the idea of Bitcoin, the Japanese people has always been futuristic and technologically advace society. They understand the value and the role of bitcoin in the future and they are now adapting to the change that is happening in our financial system. I think that all countries should adapt this kind of thinking from the Japanese.

Because the transaction volume of the Bitcoin exchange in Japan is legal, although the zero-charge system is already in place, the transaction will not increase too quickly due to machine or illegal orders.

[rose8963]

- Japan is considered the cradle for technological development. They like to explore and science from new technologies. that is their love. They were the first countries openly open to the development of bitcoin and crypto. Soon after, the suspicion in the economic relations and the adjustment of tax laws is imperative.

[Bisul]

That is because, Japan's financial authorities have legalized bitcoin as the official currency in the land of the sakura. "So prices in Indonesia tend to follow that in Japan alone

[Df9898]

because the inventor of the bitcoin comes from the pseudonym Japanese satoshi, automatic bitcoin great there and no matter its popularity high in Japan.