Bitcoin Effect On Japanese Economy “Cannot Be Ignored”, Says NomuraMark Melin
Bitcoin’s price rise in 2017 has been stunning. For an asset linked to no tangible value, the increase in price from $998 on January 1 2017 to hitting a high of $19,497 on December 16 was more than just eye-popping. It created a tangible bitcoin effect on economic growth that, at least in Japan, translates into an impact on quarterly gross domestic product growth “that cannot be ignored,” according to a Nomura report. This is particularly true in Japan, where much of the bitcoin ownership . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible