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Major World Events That Affect Bitcoin’s Value

Japan’s legalization of Bitcoin has caused bitcoin value to surge. Bitcoin’s Short Term Volatility and Long Term Bullish Market. How to invest in Bitcoin. Japan- the World’s Largest Bitcoin Market On April 1st Japan (NYSEARCA:EWJ) enacted a law that accepted Bitcoin (Pending:COIN) has a legal payment method. Since then, Bitcoin trading volume has skyrocketed and increased its value by 80%. During this time, Japan surpassed China (NYSEARCA:FXI) and became the world’s largest Bitcoin market in the world. The figure below illustrates the strike enacted by Japan’s (NYSEARCA:DXJ) legalization of the cryptocurrency. Source: investing.com Bitcoin’s Short Term Volatility and Long Term