Low accumulation rates in
Japan and South Korea are pushing citizens of both countries to invest more in Bitcoin.
By 2017, so far Stocks in Asia averaged 17 percent gains until today. However, when this rate is compared to Bitcoin and altcoins, there is a gap in between. In the same period, it was possible to achieve a gain of 124 percent in the crypto money market. In May alone, Bitcoin saw a 60 percent increase over the month.
One of the reasons for Bitcoin’s rapid rise in 2017 is Japan and South Korea
Earlier this year, the People’s Bank of China After the tight measure taken by Japan and South Korea, more investors turned to cryptocurrency exchanges. According to Reuters, increased Bitcoin investment in Japan and South Korea had an impact on Bitcoin’s rapid appreciation in 2017.
Two Asian countries have shown greater interest in cryptocurrencies in the past two weeks. . One reason may be that Japan has passed a bill that officially recognizes cryptocurrencies.
China, Japan, and South Korea are at the top
According to a ranking by CoinMarketCap; China, Japan and South Korea are the countries where the most exchange transactions are made in the world.
Investments will continue to increase
Especially in Japan and South Korea, Bitcoin and altcoins are rapidly becoming widespread, and it will become even more common in the future. It is expected to require more investment. This can make all coins, especially Bitcoin, gain more value.