Four reasons why the bitcoin went crasy (1)

The bitcoin continues with its record highs, pointing to the $2,000 psychological limit. For the past month, the virtual currency has risen by 60% and last year's appreciation is 320%. Since the beginning of the year, the growth of the currency has reached 80%.
The bitcoin, registers a new record every few days. For investors who are not particularly familiar with the currency, perhaps the logical question arises - what is the basis of this appreciation?

Here are four reasons for the dizzying increase in encrypted currency.

1. Japan and Russia

On April 1, Japan officially recognized the bitcoin as a legal form of payment. Only a month later, the bitcoin still felt the positive effects of it. Japan's decision means that the country's bitcoin market will be regulated under the AML and KYC policies.
According to CryptoCompare's graphs, about 46% of the bitcoin trade is currently in Japanese yen. This is the biggest activity. Traditionally, the US dollar or the Chinese yuan have been the leaders.
In addition, according to a Bloomberg publication on 10 April, Russia is expected to take such action next year. The central bank of the country works with the government to legalize the currency.