Citizens of Japan are going all-in on Cryptocurrency. Japan, a country known for its progressive financial vision, has reported an unprecedented 3.5 million active Cryptocurrency participants on the island. More than 80% of traders are between the ages of 24-40. Japan made bitcoin a legal currency!
Will other countries take an example from Japan in near future?
Where did you get the news? Anyway, if this is true then its going to benefit all of us. One of the reasons why bitcoin price is reaching high is because people began to patronize it - so if Japan uses it the way it used to be then the demand for bitcoin will certainly spike up. The only challenge that I can sense is the volatility of it, how am I suppose to buy goods in the future if the price is very unstable, if I'll be saving some bitcoins now to buy a gun in December, how certain am I that the value of my bitcoin will be sufficient to buy it when I already decided to? I hope one day the global populace will use bitcoin religiously and therefore it's price will never be this volatile.Will other countries take an example from Japan in near future?