Bitcoin Going Mainstream in Asia – Thanks to Mrs Watanabe!

Bitcoin is going mainstream in Asia according to a recent Reuters report.  Retail investors, known as Mrs Watanabeare looking for better return on their money as banks in the region have been offering “near Zero” interest on personal saving accounts for years. Besides this, the Japanese Government Pension Investment Fund (GPIF) has been paying out to a growing retiree pool more than the funds it takes in – GPIF is the largest public pension fund in the world. Japanese citizens know they need to take control of their retirement themselves.

 

 

Adding more legitimacy to Bitcoin, Japan made Bitcoin a legal payment system on 1 April 2017, a law that has sparked a domino effect as other countries begin to draft new Bitcoin laws and set regulation on course.

So for these reasons, Bitcoin is being seen as a healthy alternative having witnessed the cryptocurrency grow in value by more than 240% in the last 6 months!

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Read more:  Fretting over savings, Mrs Watanabe turns to Bitcoin.

Read more:  Bitcoin Businesses Eye $40 Trillion FX Margin Trading Market in Japan

Read more:  Bitcoin Fever Explodes across Japan

Read more:  Japan’s Near-Zero Savings Rates and Pension Problems Drive Retail Investors to Bitcoin

Watch this short video to see which other economies are looking towards Bitcoin:-

What is the Bitcoin economy?

 

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