Is this the really reason why the price of bitcoin is sky rocketing? I think almost all of the country in the world accepts bitcoin for every individual.
This is really reason bitcoin is sky rocketing right now Japan done great job for Digital currencies if some other developed countries also follow them then we can expect this price could be more high because demand will go high with give us more stable
I would say that
that is just a contributor in the rapid increase of bitcoin's value and it is not
the reason. The reason is the demand of bitcoin is quickly rising, thus making bitcoin's value to increase. Though Japan's move is a major trigger, still, for me, it is just a contributor (and by just a contributor, I mean a major contributor) for the soaring high of bitcoin value.