During the last couple of months, we’ve seen governments from all around the world becoming more relaxed when it comes down to discussing bitcoin. In fact, on the 1st of April, the Japanese Government finally agreed to recognize Bitcoin as an actual currency, which can be stored, but also used to purchase and sell products and services.
After Donald Trump was officially inaugurated as the President of the United States in January 2017, the digital currency’s price peaked, and hence managed to reach a new high. Two months later, the price of bitcoin reached $1,268, thus surpassing the value of gold for the first time. Not only this, but bitcoin almost tripled in value during a year, and between December and March of this year, its value has grown by around 30%, which is massive growth, even for bitcoin. During its volatility periods, it has been determined that the value of the digital currency can easily react to world and political events, especially in influential countries such as the United States, Russia, China, Japan and more.