From the archive
Bitcoin could be adding 0.3% to Japanese GDP
Original source: www.businessinsider.my
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.