Regional factors pushing Bitcoin price higher

posted almost 6 years ago
Japan and South America have become much more involved in the digital currency arena. Coinbase has hooked up with Japan’s largest bank, and inflation in Venezuela is causing many residents to seek respective alternatives.

In Europe, a Swiss exchange is allowing investors to trade bitcoin on a transparent level through what’s known as the “Vontobel certificate,” which purportedly simplifies bitcoin to USD trading.

Moreover, the EU has also some financial problems. Banks in Italy, have possibly shelled out several bad loans, and Deutsche Bank is encountering turmoil. A billion-dollar bailout has been suggested, but the scenario could potentially open up both countries and Europe in general to further bitcoin usage in the coming months.
Tags: bitcoin, opinion