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RE: Japan issues licenses to Cryptocurrency Exchanges

in #cryptocurrency7 years ago

"Only being used on the dark market was never going to get Bitcoin to $100k per coin."

I believe that Bitcoin and other crytpo's could possibly do very will in a predominantly dark market. Maybe not 100K, but very well. But I also believe that they would be virtually worthless unless there is legitimate adoption somewhere. At some point you need to be able to covert your cryptos into fiat currency. Or something tangible like precious metals.

If only a handful of countries accept bitcoin, it will continue to increase in value. It may also increase the value of the fiat currencies in those countries . Imagine the value of the yen, if all bitcoin had to be converted to it before being exchanged for dollars or euro's or yuan's.

A governmental war on crypto's will only work if all governments are on board. The more governments on board the more opportunity for the ones who are not on board. It will always be to someone advantage to be in this space.

This is fantastic news. It will only take a few more big economies to get in line to insure not only the survival of bitcoin but it's continued growth in value.