Bitcoin price is raised by Japanese?

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bitcoin japanese btc

bitcoin japanese btc

The Japanese love Bitcoins

40 percent all of the bitcoin transactions between October and November 2017 were carried out in yen, according to the Nikkei report quoted in the note by Masao Muraki, global financial strategist at Deutsche Bank. Japanese investors, mainly men, dominated trade after regulators began to ban crypto in China.
As media reports, some exchanges put Japan’s average daily share of global volume at 40 per cent, though on some days it exceeds 60. Many report that their most active customers remain 30-49-year-old men. This is the same investor type that, crucially, already accounts for 54 % of the global market in leveraged forex trading.

Japanese investment style

Leveraged cryptocurrency trading services are available in Japan and GMO Coin offers 5x, 15x and 25x leverage for bitcoin-yen trading. As we know, there is no transaction fee but the leverage fee is 0.05% per day. GMO is the cryptocurrency subsidiary of GMO Internet, which also owns GMO Click Securities. It is worth mentioning that japanese investors have positive views on volatility, adding that a typical investment style is a combination of low risk – low return deposits and high risk – high return investment.

“Japan’s investment style is typified by a combination of low-risk, low-return deposits and high-risk, high-return investments.”

Also one of japanese company will start paying part of its employees salaries in Bitcoin, as it aims to gain better understanding of the virtual currency and employees can receive salaries by BTC if they want. The offer will be open to around 4,000 employees of the GMO group in Japan. The company is also offering a 10% bonus for employees willing to try it, which might help make up for some of the crypto’s extreme volatility.

Risks of Bitcoin transactions

The 32-year-old head of failed bitcoin exchange Mt Gox pleaded not guilty to charges relating to the loss of hundreds of millions of dollars worth of BTC and cash from what was once the world’s biggest exchange based in Japan. In 2013, Mt. Gox was the world’s largest bitcoin exchange. By some estimates, it accounted for more than 79% of all bitcoin exchange activity. By February 2014, Mt. Gox had shut down its website, frozen customer accounts, and ceased trading. A leaked document indicated that hackers had gained access to Mt. Gox’s online wallets and stolen nearly 850,000 btc, each then worth approximately $550!

Now critics said the debacle highlighted the risks of bitcoin transactions. The exchange’s bankruptcy also prompted Japan’s government to decide how to treat bitcoin and other coins, and preceded a push by local regulators to license cryptocurrency exchanges. Japan became the first country to regulate cryptocurrency exchanges at the national level this year, part of a government effort to exploit financial technology as a means of stimulating the economy.

Chief of bitcoin exchange Mt. Gox denies embezzlement as trial opens