Japan's new leader Bitcoin market
Regardless of all this, many experts expressed optimism towards Bitcoin. Some analysts, including Max Kaiser (head of RT's Keiser Repor) confirmed their short-term target price for Bitcoin. More importantly, Kaiser explained that the Japanese market is likely to overtake China in the coming months, as China continues to isolate itself from the global Bitcoin industry. Kaiser was accurate with his vision of the short-term Bitcoin trend. Most traders from China have already switched to the Japanese market Bitcoin exchanges, as predicted by Kaiser.
Today, Japan officially became the world's largest Bitcoin stock market, surpassing the United States by a staggering 50.8% stake in Bitcoin's global exchange market. At the same time, the volume of trading on the Chinese exchange market Bitcoin fell from 15 percent to 6.5 percent, despite the continuing operations of OKCoin and Huobi.