Bitcoin 24 hr volume exceeded $1 billion in 24 hrs last week (with the entire crypto market exceeded well over $2 billion). Thats like a 10 time increase over the last few months. At first I thought it was just pumpers going crazy but now it seems like an established trend.
Where is it all coming from?
What will the volume be like in 6 months?
It come form japan in my opinion, japan has always been interest in the technology but after Mt Gox they seem to lost enthusiasm, but it seems they are ready to be back in the game and with the Japanese government recognizing bitcoin then the chances this is true growth is very big.
Well no doubt it was a true growth and it still is the Japanese government has announced that the bitcoin can be traded as a mean of payment in Japan. What really doesnt want the Bitcoin to grow more and develop is the SEC. It is all the game of the SEC to secure itself with the help of the governments who have more interest in the SEC than that of the Bitcoin.