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.
nice point @jc89.
true, this is just one of the reasons and not the main reason of why the bitcoin price sky rockets. like this about Japan and the review of the ETF. but for me i consider this as a major contributor that has been a huge impact in the increasing of bitcoins price. Japan has been implementing a lot of exchange and this just also increase the demand of bitcoin, that is why the price is getting higher and higher.