Published On: Sun, Jul 31st, 2016

Japan: The Newest Bitcoin Price Influencer?

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The price of bitcoin has reached a steady point. At press time, the price has halted at $656 after hovering around $658 for most of the week. A mere $2 drop is nothing to panic about, though bitcoin has become somewhat stagnant as the financial market continues to play its course. However, as Japan faces continuing inflation, the country’s investors may give the bitcoin price a kick-start in the near future.
Also read: Bitcoin Price Falls as Altcoins Push Ahead
Japan Investors Flocking to Bitcoin?
One platform describes every bitcoin advocate’s nightmare — that while bitcoin reaches a still point, stocks and bonds are likely to start gaining momentum:
“Bitcoin price remains in sideways indecision. Yesterday… indicated that the Fed sees a general improvement in the U.S. economy, but that they await further improvement to raise rates. Hence, there is a general perception of low risk in the global economy which should see stocks and commodities rise while gold and Bitcoin slump.”
Recent waves of monetary innovation are making headway in Japan, and many wonder if perhaps these will hold sway over bitcoin’s future. An economic stimulus package totaling more than $250 billion has …

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