Bitcoin could be adding 0.3% to Japanese GDP www.businessinsider.my

posted by  banzaitokyo | 7 years, 4 months ago

The rise in the value of bitcoin could be adding 0.3% to Japanese GDP growth, according to Nomura analysts Yoshiyuki Suimon and Kazuki Miyamoto.

In a recent note to clients, they argued that the “wealth effect” on Japanese bitcoin holders is likely to spur consumer spending that will have a measurable effect on GDP.