Oh Yeah, I forgot about Australia, to be honest I do not know if bitcoin is as big in Australia in order to make the price grow that much, when Japan accepted bitcoin we knew the price will skyrocket because bitcoin is big in Japan, but Australia, I have my doubts.
Nah, I think that the recent price increase is not affected but this acceptance since Japan have announced the acceptance of Bitcoin as illegal tender a few months ago and nothing significant happens towards the price.
I just think that the cryptocurrency is just overvalued that makes the demand overwhelmingly increasing, but I was wrong. The cryptocurrency still undervalued in some people's perspective and now goes to overvalued because the price is now absurdly high. But, it's a good thing still.