The conducted research by Deutsche Bank has raised concerns among experts – Japanese investors have shifted from the popular international Forex exchange to cryptocurrency trading. This transition has stimulated the digital currency market in the Land of the Rising Sun. Major trading platform operators in Japan have launched their own cryptocurrency exchanges.
Deutsche Bank: Japan shifts from Forex to BTC
As explained by Deutsche Bank Research Center Director Masao Muraki, the substitution of values is expected. After all, in Forex trading, due to the stability of securities, investors could not achieve the kind of earnings that fluctuations in cryptocurrencies provide. It is plausible to suspect that investors themselves are manipulating the price of Bitcoin to play on the excitement during declines and rises of cryptocurrencies.
The conducted research proves that the digital currency market is a tool in the hands of speculators who control large sums. According to statistics, 80% of currency accounts are held by Japanese traders aged between 30 and 45 years.
Small risks – big profits, this is how Japanese investors see cryptocurrency, investing their savings into digital coins in hopes of making a fortune. Regarding risks, such a statement is justified in Japan, as Bitcoin is legalized, and the government has permitted the use of cryptocurrency as a means of payment.
