Deutsche Bank: Japan changes course from Forex to BTC

The Deutsche Bank study worried experts - Japanese investors switched from the popular international Forex exchange to cryptocurrency trading. Such a transition stimulated the digital currency market in the country of the Rising Sun. The largest operators of trading floors in Japan launched their own cryptocurrency exchanges.

Deutsche Bank: Japan changes course from Forex to BTC

As the head of the Deutsche Bank Research Center, Masao Muraki, explains, a value change is expected. Indeed, at Forex trading, due to the stability of securities, it was not possible for investors to make such earnings that give fluctuations in cryptocurrencies. It is acceptable to suspect that the investors themselves are rocking the price of bitcoin in order to play the hype with the fall and growth of cryptocurrency.

The study proves that the digital currency market is a tool in the hands of speculators who manage large amounts. According to statistics, 80% of currency accounts are concentrated in the hands of Japanese traders, whose age is within 30-45 years.

Small risks are big profits, as Japanese investors see cryptocurrency, who invest their own savings in digital coins, in the hope of making a fortune. As for risks, in Japan such a statement is justified, because bitcoin is legalized, and the government allowed the use of cryptocurrency as a means of payment.