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
Yeah, Japan instead of charging taxes to consumption of Bitcoin, they even removed it encouraging people to flock in and buy Bitcoin. They even have special license for the company who wanted to take advantage of Bitcoin economy. According to this
article, there are lots of big companies that are planning to join Bitcoin since they see that bitcoin is hot money since they believe many will see Bitcoin as an investment option.