What is driving the rise is billionaires and big money realizing that bitcoin is for real and a viable currency, so they want to get positioned now.
And probably US government and other world governments buying huge reserves of bitcoin because they know it will challenge their own currencies in the future !!
Japan, Korea growing importance The Japanese Bitcoin exchange market currently accounts for 41.8 percent of the global Bitcoin exchange market share, as the largest Bitcoin exchange market in the world.
The South Korean market falls behind the US, with around eight percent of the global Bitcoin exchange market share. The two markets, Japan and South Korea, demonstrate 50 percent of the global Bitcoin exchange market.
The recent surge in Bitcoin price can be attributed to the explosive growth of the two above mentioned markets. Coincidentally, the two markets have always demonstrated higher demand from investors and traders toward Bitcoin, often listing Bitcoin price that is significantly higher than that of other markets such as the US and China in particular.
Currently, Bitcoin is being traded in Japan at around $1,800. Considering that the Japanese Bitcoin exchange market accounts for nearly half of all Bitcoin trades, it can be said that the high Bitcoin price of the Japanese market is being reflected in the global average Bitcoin price.
The South Korean exchange is also facilitating Bitcoin trades at an incredibly high premium of $1,970, demonstrating a staggering 15 percent premium over the US market, the second largest Bitcoin exchange market in the world, and around nine percent over the Japanese market.
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