Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
There are two Asian countries that get more and more interest in the cryptocurrencies. The citizens of Japan and South Korea are found to be investing more in the digital currencies. People from these two major Asian countries truly embrace bitcoins.Many merchants use it for their business, too.
As a result of Chinas crack had a big impact on this situation.
Japanese government has officially recognized digital currencies as means of payment.