After bitcoin gained immense attention in March and April of this year global trading volume spiked alongside BTC exchange rates, before both subsequently fell and eventually leveled off. Different regions of the globe have adopted bitcoin at their own pace, but lately we’ve seen a reemergence of interest from bitcoin’s supposed birthplace: Japan. Despite being the suspected home of bitcoin’s founder and the world’s preeminent bitcoin exchange, Japan ranks 38th in total bitcoin client downloads while JPY has averaged just 0.6% of global bitcoin trading volume over the past 18 months. Concurrently, Japan’s government has built one of the highest …
Read More →
Concerns surrounding global monetary policy have been a major driver of bitcoin prices, as has been made abundantly clear over the past 30 days. As worries of inflationary quantitative easing and capital restrictions placed on individuals by their governments become increasingly prevalent, global citizens are looking to store wealth in a number of places outside of their own currency. Historically, gold and other precious metals have served as the de facto alternative asset classes to protect against inflation, but the difficulty of transporting gold makes it both costly to trade in it’s true form and virtually impossible to use for …
Read More →
Apr 15, 2013
Posted
Economics, News
Tagged Bitcoin, European Commission, George Soros, Germany, Japan, Japanese Government Bonds, Japanese Hyperinflation Fears, price, QE
Comments 0