Japan's Near-Zero Savings Rates and Pension Problems Drive Retail Investors to Bitcoin

This is an automatic summary, original reduced by 77%.

These problems have pushed retail investors to consider investing in bitcoin.

Bitcoin is attracting "Mrs Watanabe", or retail investors who were originally Japanese housewives.

Retail interest has jumped, bitcoin exchanges told Reuters on Friday.

Competing bank MUFG offers the same 0.001% rate whereas Nomura offers 0.02%. Mutsuko Higo, a 55-year-old social insurance and labor consultant, is among the Japanese retail investors drawn to bitcoin.

At its peak price, bitcoin gained over 180 percent, according to the country's largest bitcoin exchange by volume, Bitflyer.

Do you think more Japanese retail investors will turn to bitcoin because of low-interest rates and pension problems? Let us know in the comments section below.

Summary Source | FAQ | Theory | Feedback | Top keywords: bitcoin^#1 Japanese^#2 rate^#3 pension^#4 percent^#5

Post found in /r/Bitcoin, /r/CryptoCurrency, /r/btc and /r/BitcoinAll.

NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.