Why Bitcoin is Big in Japan

[noormcs5]

Bitcoin in Japan is legal and they found it easy to transaction online. I think there's alot of option that they can use bitcoin. Some merchants and shops accepts bitcoin even Big malls accepts bitcoin. Hope it continues to adopt! neighboring countries will follow.

Japan is the only and one of the first country where Bitcoin is legal and is accepted anywhere without any issue. Government of Japan is in full favor of this digital currency. Japanese are always one step ahead in technology and they have adopted this digital currency technology from the beginning. The rest of the world has to follow Japan, else they will be left behind in this digital era.

[lunaalthea]

I don't think it's only in Japan. Bitcoin is big in several countries well because it is now considered mainstream. But if you are asking why it is big in Japan, then I think the reason why is because Japan is technologically advanced, and that the creator of btc is a japanese. I saw a video on facebook about JPOP idols personalizing cryptocurrencies

[mi56374100]

In this tech country, bitcoin really has a chance.

People are interested in new materials, especially technology.

Bitcoin is protected by law in Japan.

[Dodoymabs]

I don't think it's only in Japan. Bitcoin is big in several countries well because it is now considered mainstream. But if you are asking why it is big in Japan, then I think the reason why is because Japan is technologically advanced, and that the creator of btc is a japanese. I saw a video on facebook about JPOP idols personalizing cryptocurrencies

Maybe yes, but we don't actually know who really is the creator of btc. Japanese people wanted to have a fast transaction and they really believe that time is really important. And also, like what you said they are technically loves technology.

[thenameisjay]

-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

With Japan being tagged as a country full of Tech-Savviness, then I think it is only favorable for Japan to really big in bitcoins. Another reason is that as far as theory goes, Bitcoins originated in Japan. So it's no surprise that Japan is the biggest country to support bitcoins let alone be the developer of such.

[Getmon]

Japan is a very open-minded country although very solid in terms of preserving their culture and tradition. Aside from that, Japan is also very high-tech. They are so much advance in terms of new technologies. So many high quality technologies and inventions emanate from Japan. No wonder why Japan is embracing the Bitcoin innovation wholeheartedly. Satoshi Nakamoto's identity is a mystery but why he chose the Japanese name is a bigger mystery for me if he is not actually Japanese. Perhaps because he is one big fan of the Japanese advancement in technologies.

[yj300316]

bitcoin was created by satoshi nakamoto which is a japanese,
so it is no wonder that bitcoin is known well in japan

[lionheart89]

-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

That's because japan has legalized the use of bitcoin for transactions, so the bigger the transaction there, even south korea has also opened the gate for bitcoin transactions, because big country like japan and south korea alone dare so surely they already consider it, agreement or rules for user to avoid unwanted things.

[turagsoy123456]

Since the introduction of the bitcoin in Japan by a miner I don't remember the name, it becomes popular because of the convenience it brings to the individual. not only that they also know that bitcoin possess anonymous transaction which fundamentally adapted by Nippon.

Bitcoin is welcome in japan because the founder of this technology which is the bitcoin digital money currency is from Japan her name is Satoshi Nakamura and there government is very proud of Satoshi Nakamura that's why the government of Japan recognized bitcoin digital money currency. And there goverment passing a law that regulate bitcoin is legal in thier country.

[freshm4ker]

So far I know that bitcoin is created by Japanese individuals or organizations, so it is widely applied and highly developed there. In addition, Japan is also a developed country that has the world's leading technology. Bitcoin is also widely used there and is becoming very common for various circles of people who have a business.

[noictib]

-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

I think here the main thing is understating , no matter what the public wants with the bitcoin , Because majority was for the non-users of the bitcoin , but still government of the Japan country understand the matter very well and they gave the descion in favour of bitcoin and also they said that they can't stop bitcoin transaction as well as they can stop people to use bitcoin Because they can ban bitcoin related sites with the ip block but they can't stop people to use VPN .
And also Japan government a better descion in the way to make better tax earnings to grow the economy of the country .
So bitcoin is big in Japan like better economical country where people are using bitcoin in every possible way for payment .

[coinlawyer]

Bitcoin in Japan is legal and they found it easy to transaction online. I think there's alot of option that they can use bitcoin. Some merchants and shops accepts bitcoin even Big malls accepts bitcoin. Hope it continues to adopt! neighboring countries will follow.

Japan is the only and one of the first country where Bitcoin is legal and is accepted anywhere without any issue. Government of Japan is in full favor of this digital currency. Japanese are always one step ahead in technology and they have adopted this digital currency technology from the beginning. The rest of the world has to follow Japan, else they will be left behind in this digital era.

I think You`re quite right with this statment! Japan alwayswas a step or two  ahead the  other countries in terms of using and implementing the cut-edge technologies! And this time they are winning with the Bitcoin!

[richardsNY]

bitcoin was created by satoshi nakamoto which is a japanese,
so it is no wonder that bitcoin is known well in japan

How do you know that? That goes up for several people here blatantly assuming he is from Japan. Satoshi Nakamoto can be someone from Switzerland as well, or Namibia. On top of that, no one knows what or who Satoshi is in terms of he/she/they. Your logic just isn't right. I have NY in capital letters at the end of my forum handle, does that mean I am from New York? Yes according to your logic, but not in reality. I am not from New York at all, the NY capitals have a different meaning. I however don't know how much actual impact the pseudonym Satoshi Nakamoto has in Japan in terms of Bitcoin's adoption there. I assume zero to almost nothing, but for that you have to ask Japanese people for their opinion on that.

[PleaseSignTheMessage]

IMO , is all on the hype Japan did gave to the coin as in China people did to the ICO's and so on with the different countries adapting to another kind of coins as well.

[joan26]

Another factor contributing to a bitcoin boom in Japan: 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.

While Japanese are generally considered risk-averse investors, they are also well-versed in the complexities of market trading, especially in foreign exchange.

[selline]

in my opinion, because it is the first time the creation of bitcoin is originated in Japan and also most of the many investors who come from there so they are have great influence in the movement of the bitcoin growth occurs because of Maybe they have high technology in extending deals in creating bitcoin for future

[sofi@]

Japan is known in crypto currency market since they are one of those countries who gives support over bitcoin, they love the idea of digital economy and is really trying to implement it to their country. And also Japan leads the crypto market way back when it was first introduce, I really thinks this country is so much open for new technologies that can help their country improved.

[KingOfWinterfell01]

The Japanese were known to be the inventors and investors of bitcoins, that's why bitcoin is so big in Japan. No wonder the mining power they have is great due to their country being one of the world's biggest technologically advanced countries that could ever support bitcoins.

[dafone]

I think, japan government regulation is good.
 

[Nilda]

Bitcoin Capital of the World. No objection here. Satoshi Nakamoto is Japanese, right? One of the most technologically advanced countries in the world. Not much explaining needed on how cryptocurrency works for the Japanese.